Provider: S&P Capital IQ Quantitative Report
Provider: Ford Investor Services, Inc.
Telenor ASA Announces Reorganization of Swedish Operations; To Cut Jobs
Telenor ASA announced that it reorganizes its Swedish Business to meet the rapid market change. The former division into two businesses, for corporate and private clients, will be replaced by a three-pronged marketing organization with units for fixed line and mobile services as well as more complex business services. As a consequence of the reorganization, approximately 100 jobs in Karlskrona, 100 jobs in Stockholm and ten jobs at each of the offices in Malmo, Gothenburg and Umea are to be cut. The new organization will be effective as of June 1, 2012. Review of workforce will begin immediately, in collaboration with trade partners.
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