TeliaSonera gives notice to employees in Sweden

In February 2008, TeliaSonera announced efficiency measures in the Swedish and Finnish operations, to be implemented in 2008 and 2009. These efficiency measures are expected to result in annual gross savings effects of approximately SEK 5 billion compared to the cost base of 2007 and result in a reduction of approximately 2900 employees, of whom two thirds in Sweden. The efficiency measures are being taken because TeliaSonera cannot have higher structural costs than competitors and to be able to continue shifting the product mix to mobility- and IP-based services.

As part of the efficiency programme announced in February 2008, TeliaSonera will today give notice to 1200 employees in Sweden. Restructuring costs are expected to remain unchanged and amount to less than SEK 3 billion, of which just above half in 2008, as previously reported.