Telia Company outlined plans to cut approximately 900 jobs across the group and lower its operating cost base, setting a target of achieving annual gross savings amounting to SEK1 billion ($100 million).

The company stated its moves represent the next step in becoming simpler, faster and more efficient, with an intention to localise its operations further “and strengthen the role of its country units in meeting evolving customer needs”.

As part of the shake-up, it will transfer approximately 220 positions primarily from its common Technology unit to country units. The 900-headcount reduction will hit all units, covering both employees and resource consultations.

The restructure is expected to be completed by 31 December, subject to customary union negotiations and will result in charges of SEK600 million in Q4 206, with cash flow effect mainly in 2027.

Finland will be the most impacted by the staff cuts, with 280 reductions, followed by home market Sweden with 260.

Patrik Hofbauer, CEO and president at Telia (pictured), said the plan was part of building the future Telia and further localisation “means doubling down on what we know gets results”.

“We must always become even simpler, faster and more efficient in everything we do.​ We want to empower our countries more, get the utmost from our common Technology unit and other Group Functions, and sharpen Telia’s edge in a very competitive market,” he added.

As of 1 October, the company had a total 14,100 employees.

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