The company said the job cuts are part of a reorganization that will allow it to return to paying dividends to investors.
The company’s CEO, Patrikas Hofbauer, said that the changes “will not only allow us to create Telia, where decisions and commercial commitments are made simpler and faster, but will also help us grow our business and generate enough cash to be able to make the necessary investments and pay out dividends, because we continue to adhere to our dividend policy.”
The company said that, depending on the negotiations with the trade unions, Telia aims to reduce the number of employees by 3,000 positions in 2024, that is to say about 15 percent. of their employees.
Almost half of the jobs are expected to be eliminated in Sweden, and most of the rest in Estonia, Finland, Lithuania and Norway, where Telia also operates.
Although the cuts are expected to ultimately save about $250 million. dollars a year, Telia said it believes that the reorganization will bring it 135 million dollars in the second half of the year. dollars of additional costs.
Last year, Telia’s net profit was around 87 million. dollars, and the income – 8.5 billion. dollars.
We remind you that the number of employees in Lithuania is planned to be reduced by about 400 positions. It is expected that the number of employees of Telia Lietuva will decrease by 200, the remaining positions will be eliminated in the company’s subsidiary Telia Global Services Lithuania.
2024-09-05 07:12:09