Sweden's Telia to cut 3,000 jobs this year in cost-saving drive

- File photo

COPENHAGEN: Swedish telecom operator Telia said on Wednesday it was looking to cut around 3,000 jobs, part of a plan to cut annual costs by 2.6 billion Swedish crowns ($252.65 million).

"This is a tough decision, but one that is necessary to ensure the long-term success of Telia," CEO Patrik Hofbauer said in a statement.