2,900 Telia Employees Lose Jobs
Sweden’s leading telecommunications company Telia Sonera has announced major layoffs. A Telia spokesman said that next month 1,200 employees in Sweden will lose their jobs. Altogether, Telia plans to dismiss 2,900 employees in Sweden and Finland. Two thirds of the layoffs will be in Sweden. Telia hopes to save more than 600 million dollars annually by the cutbacks.