Telia to cut 900 jobs including 280 in Finland

The telecoms operator Telia will reduce about a total of 900 employees including 280 in Finland as a part of its restructuring moves to cut costs, said the company in a press release on Monday.

The company also decided to transfer approximately 220 positions primarily from its common Technology unit to the country units.

The authority started the codetermination talks with the employees in this regard and the negotiations are expected to be completed by the end of this year.

Telia is targeting to save more than 89 million euros (1 billion Swedish Crona) annually through the reduction of manpower.

According to the initial target, 280 employees will be reduced in Finland, 260 in Sweden, 150 in Norway, 110 in Lithuania and 100 in Estonia.

The company employs a total 14,100 staff in Nordic and Baltic countries including 2450 in Finland.