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Tieto Oyj to Reduce Up to 770 Positions Globally

Monday, 14 Oct 2013 03:30am EDT 

Tieto Oyj announced that the Company aims to reduce up to 770 positions globally, of which up to 455 in its service lines (up to 240 in Managed Services and up to 215 in Consulting and System Integration), up to 205 in Product Development Services and up to 110 in its industry groups and support functions. The planned reductions affect approximately 350 employees in Finland, 180 in Sweden and 240 in other countries. The reductions are expected to be completed by the end of the first quarter of 2014. 

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0.16 +0.80%
11:29am EST