Telia to cut 900 jobs in push for $100M annual savings

Telia Company plans to cut around 900 roles across the group and targets annual gross savings of SEK1 billion ($100 million). The restructuring will affect all units, with Finland (280 cuts) and Sweden (260) hit hardest, and is expected to be completed by 31 December.

• Around 900 roles to be cut across all group units
• Target of SEK1 billion ($100 million) in annual savings
• Finland loses 280 positions, Sweden 260
• Restructuring charges of SEK600 million in Q4