Tele2 AB layoffs, on the record
Every job cut, severance charge and restructuring Tele2 AB reported in its annual reports, 2004 to 2018, quoted from the filings. Headcount went from 2,928 to 5,184.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 20-F for 2004 | 2,928 | During 2004 |
| 20-F for 2005 | 3,909 | During 2005 |
| 20-F for 2018 | 5,184 | December 31, 2018 |
Job cuts, severance and restructuring
Our summaryThe filing reports that SEC's operations were restructured, an external valuation indicated a fall in value, and the operations were transferred at the reduced value.
Word for word“Because SEC's operations were restructured, an external valuation was carried out, and this indicated a fall in value.” 20-F for 2005
Our summaryTele2 said its business segment is going through a restructuring to focus on higher margin, network-based ICT services, aiming for structural cost savings and better revenue growth.
Word for word“The business is going through a period of restructuring in order to focus on higher margin, network-based ICT services, with an aim to make structural cost savings and improve revenue growth trends.” 20-F for 2018
Tele2 AB has filed no restructuring notice (Form 8-K, Item 2.05) since 2016. Companies file one only for a cut they judge material, so many announced layoffs never appear as one. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from Tele2 AB’s annual reports (20-F for 2018, 20-F for 2005, 20-F for 2004) and the financial data it files with the SEC, as of 2019-04-01. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.