Telia Sonera gives notice to 1,200 Swedish employees

Telia Sonera gives notice to 1,200 Swedish employeesStockholm  - Nordic telecommunications group Telia Sonera said Monday it had given notice to 1,200 Swedish employees.

The move was in line with a cost-cutting package announced in February 2008, and would mainly impact its broadband services.

A year ago, the group said it planned to cut 2,900 jobs of which two-thirds were to impact Sweden.

The measure was estimated to cost some 3 billion kronor (378 million dollars) of which slightly more than half was to be carried in 2008.

In all, the programme was aimed at creating savings of some 5 billion kronor, the group said.

Northern Europe's largest telecommunications concern was formed through the December 2002 merger of Sweden's Telia and Finland's Sonera, and employs some
27,000 people. (dpa)

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