Telia Lietuva Plans Up to 85 Job Cuts by December 2026
Lithuanian telecommunications provider Telia Lietuva AB (TEL1L) plans to eliminate up to 85 jobs by December 2026. The job reductions are part of a broader restructuring initiative across its parent organization, Telia Group, which aims to trim roughly 900 positions across its Nordic and Baltic operations while granting country units greater operational autonomy.
To offset some of the cuts, Telia Lietuva will create 12 new roles, meaning final redundancy numbers will depend on internal redeployments. While the reorganization aims to reduce ongoing operational expenses and boost overall profitability, the company will face statutory severance costs under Lithuanian labor law. The exact financial impact and expected cost savings have not yet been disclosed.
Investors should monitor upcoming financial disclosures for details on one-time restructuring charges and expected long-term savings. The full organizational changes are scheduled to be completed by the end of 2026.
Key points
- Telia Lietuva plans to eliminate up to roughly 85 positions by December 2026.
- The workforce reduction is part of a broader Telia Group initiative cutting about 900 jobs.
- The company plans to create 12 new roles, which may lower final redundancy totals.
- The restructuring aims to increase country unit autonomy and reduce operational costs.
Written by our AI from expert market sources across the web. It can contain mistakes: check the facts before acting on them. Write-ups powered by the free AI API at FreeTheAI.org
How we writeDisclaimerQuestions and answers
How many jobs is Telia Lietuva cutting?
Telia Lietuva plans to cut up to around 85 positions by December 2026, though 12 new roles will be created to help offset the total redundancies.
Why is Telia Lietuva reducing its workforce?
The cuts are part of a group-wide Telia Group restructuring program reducing about 900 jobs to lower costs and grant local units greater autonomy.