TeliaSonera to cut 1,000 jobs in Finland, 2,000 more in Sweden

Union considers protest strike

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TeliaSonera, the largest telecommunications service provider in the Nordic Countries, has announced impending co-determination talks with personnel on cutting up to 2,900 jobs - most of them this year.
      The company calculates that about 1,000 jobs will be cut in Finland, and close to 2,000 in Sweden.
      TeliaSonera employs nearly 11,000 people in Sweden, and about 6,000 in Finland.
      CEO Lars Nyberg feels that improvements in efficiency are essential for the company, if it is to continue to increasingly gear its production structure increasingly toward mobile communications and IP-based services.
     
The efficiency measures that it plans to enact in Sweden and Finland are aimed at bringing savings of more than EUR 500 million this year and next.
      TeliaSonera's turnover grew last year by less than six per cent to 96.3 billion Swedish krona, or about EUR 10 billion.
      The operating margin weakened by three percentage points to 32 per cent last year.
      The Board of Directors of TeliaSonera proposes a dividend of EUR 0.44 for last year. The previous year's dividend was EUR 0.69.
     
The Union of Salaried Employees has raised the possibility of a strike to protest the job cuts at Finland's Sonera.
      According to union chairman Antti Rinne, Sonera employees are already suffering from the effects of a heavy workload.
      Rinne also pointed out that the Finnish state holds 14 per cent of TeliaSonera's shares.


Previously in HS International Edition:
  Swedish industrialist named new TeliaSonera CEO (30.7.3007)
  TeliaSonera price hike angers land-line phone customers (2.8.2007)
  TeliaSonera announces more spending cuts (25.4.2007)
  Power struggle leads to reshuffle of TeliaSonera board (11.12.2007)

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