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Reorganisation in Telenor

Belgrade, May 21, 2010 -  Telenor d.o.o. will carry out a reorganisation process that will lead to a reduction in the number of positions in the company. Due to forthcoming organizational changes, the number of employees will be reduced by 120.

 “The financial crisis has affected businesses all over the world. In Serbia, the economic crisis has been additionally aggravated for Telenor and our customers by the introduction of a 10% Mobile Phone Tax. Already, this combined effect has led to a EUR 220 million reduction in the value of Telenor Serbia. In order to be able to continue investing in new and advanced services for our customers, we have had to review our entire cost base. As a consequence, we have decided to reorganise our company and reduce the number of employees”, says Kjell-Morten Johnsen, CEO of Telenor Serbia.
In this process Telenor will fully comply with the Labour Act and conditions stipulated by the Collective Agreement.