Restructuring events
European Restructuring Monitor (ERM)
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.
Lyse Tele AS, a Norwegian telecommunications company, announced that approximately 140 jobs will be cut across the organisation in Norway, including management roles. The company attributes the restructuring to significant mobile network investments alongside higher costs, increased competition and market changes, and to the fibre sector’s shift from a build-out phase to a management phase. The formal decision was taken on 30 October 2025 and employees were informed on 5 November. Employees will be subject to competence mapping and placement into a new organisational chart, and job reductions will be pursued through redeployment across the Lyse Group where possible, and, if no role is found, severance agreements of up to 12 months’ pay depending on age and seniority. The company aims to complete the process by Christmas 2025. Lyse reports ongoing dialogue with employee representatives prior to the decision.
Lyse Tele was formed in 2024 through the merger of Ice, Altibox and other fibre companies and constitutes the telecoms arm of the Lyse Group, which employs over 2,200 in total.
Eurofound (2025), Lyse Tele, Internal restructuring in Norway, factsheet number 203625, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/203625.