Sweden's Telia to Cut 900 Jobs Amid Corporate Restructuring

02:09 AM EDT, 10/12/2026 (MT Newswires) -- Swedish telecommunications company Telia (TELIA.ST, TELIA1.HE) plans to remove 900 positions across its operations in the Nordic and Baltic countries to simplify its corporate structure and cut costs. As part of the broader restructuring, Telia's Lithuanian subsidiary, Telia Lietuva (TEL1L.VS, ZWS.F), will also issue notices to up to 85 employees of proposed redundancy across all units in December, according to a Monday release. Telia Lietuva, which also plans to create 12 new roles with existing employees given priority in recruitment, has commenced consultations with trade unions on the proposed redundancies. The group-wide organizational restructuring is expected to be completed by the end of 2026.