TeliaSonera Finland initiates negotiations on efficiency measures

TeliaSonera Finland initiates negotiations on efficiency measures

TeliaSonera Finland has today initiated the formal employee/employer
negotiations, which is estimated to materialize in a reduction of
approximately 400 jobs. The negotiation processes will affect the entire
profit center TeliaSonera Finland excluding the customer call centers.
The process is expected to be ended in May 2003, after which the final
outcome of this process can be seen. TeliaSonera Sweden has today also
initiated discussions with the trade unions about efficiency measures in
Sweden.

Following the merger between Telia and Sonera in December 2002, and the
new division of responsibilities within the Group, an extensive overhaul
has been made of the profit center TeliaSonera Finland in order to
establish the number of jobs needed in the segment oriented working
approach and in order to achieve a competitive cost level throughout the
company. The number of jobs in Finland will be reduced following a need
to reduce overlap. In connection with this TeliaSonera Finland has today
initiated negotiations with the trade unions to establish how many
people will be affected by the job reductions.

The efficiency measures are part of both the synergies following the
merger and the stand-alone improvement possibilities in TeliaSonera
Finland.

The introduction of a customer-driven structure, organized through the
business segments Consumer, Business and Large Corporate instead of the
previous product-oriented business segments has significantly improved
the efficiency of the company. Several synergy decisions have been taken
during the first months of integration between Telia and Sonera, such as
the new corporate and competence center structure.

"In the highly competitive Finnish telecom market it is important that
we continuously ensure that we have a cost level that is competitive and
in relation to the level of service and added value that customers
expect", says Anni Vepsäläinen, President of TeliaSonera Finland.

For further information journalists can contact:
Anni Vepsäläinen, President, TeliaSonera Finland, phone: +358 2040 58810
Juha Pentti, Vice President, Human Resources, phone: +358 2040 58711
Jyrki Karasvirta, Vice President, Acting Head of Brand Marketing and
Communications, phone: +358 40 7372145



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