The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
The company has not yet specified which parts of the country will be affected by the redundancies.
Sector
Information / Communication Information Communication Services Telecommunications 61.2 - Wireless Telecommunications Activities
1,400 jobs Number of planned job losses
Announcement Date
4 September 2024
Employment effect (start)
4 September 2024
Foreseen end date
1 December 2024
Description
The telecommunications company Telia has initiated negotiations for the lay-off of 1,400 employees in Sweden which is around 16 per cent of its Swedish workforce. Cooperation negotiations have been undertaken.
The company has not yet specified which functions will be affected by the redundancies or which parts of the country. However, around 300 are consultants according to the white-collar trade union Unionen. The company has made 455 people redundant so far this year. The purpose of the notice is to achieve savings of SEK 2.6 billion per year. The decision is criticised by unions, with some expressing frustration, noting that Telia continues to make significant profits.
Telia operates in the Nordic and Baltic countries, and prior to the downsizing, Telia has 19,730 employees, of which 8,500 are in Sweden.
Eurofound (2024), Telia, Internal restructuring in Sweden, factsheet number 201555, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/201555.
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