Type
Internal restructuring
Country
Norway
Region
Norge;
Location of affected unit(s)
Sector
Information / Communication
Information Communication Services
Telecommunications
61 - Telecommunications

70 - 100 jobs
Number of planned job losses
Job loss
Announcement Date
31 March 2008
Employment effect (start)
1 May 2008
Foreseen end date

Description

On 31 March 2008, Telenor, a Norwegian telecommunication company which is partly state-owned, announced the loss of approximately 100 jobs across all its units in Norway. As of 30 April, 70 employees were dismissed and received a severance pay. The job cuts are attributed to the financial losses made by the company in 2007 and the need to reduce costs within the mobile phone operations by around NOK 500 million.


Sources

  • 30 April 2008: Trønder-Avisa
  • 31 March 2008: E24

Citation

Eurofound (2008), Telenor Mobil, Internal restructuring in Norway, factsheet number 66559, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66559.