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TeliaSonera to cut 170 jobs in Finland

HELSINKI, May 4, 2011 (AFP) – Nordic telecoms giant TeliaSonera is to cut 170 jobs in Finland, the company said on Wednesday following talks on job cuts with unions.

"The outcome of all three (job cut) talks is that 170 jobs will end and 48 new jobs will be created, so the net job losses are actually 122," company spokesman Ahti Martikainen told AFP.

At the start of talks in April, TeliaSonera said it needed to cut about 200 jobs.

"We hope that the people who lose their jobs will apply for the positions that are opening," Martikainen said.

Finnish white-collar union Pro has staged two strikes in the past two months to protest the cuts, claiming TeliaSonera was offering better layoff conditions to Swedish employees.

The company said in a statement the severance packages it offered included monetary compensation of between three and 15 months, and said this was "significantly better" than the minimum requirements set down by Finnish law.

In April, the company born out of the 2002 merger of Sweden\’s Telia and Finland\’s Sonera posted a first-quarter net profit down 2.0 percent to 4.6 billion Swedish kronor (514 million euros, 732 million dollars).

The company also revised down its full-year sales expectations due to slower growth and currency fluctuations.

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