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STOCKHOLM: Swedish telecoms operator Telia said Wednesday it will cut 3,000 jobs as part of a cost-cutting drive that aims to generate approximately $250 million in annual savings.

As China woes mount, investment banks brace for more Asia job cuts

“Subject to union negotiations, Telia aims to reduce its headcount by 3,000 positions during 2024,” the company said in a statement, or about 15 percent of its workforce.

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