Wednesday, March 27, 2013

Ericsson Completes Job Cuts in Sweden

Ericsson reduced its operations in Sweden by cutting 1,399 positions.  This resulted in 919 employees being given notice.  The majority of cuts are in Ericsson's Networks unit.

Ericsson said its expects to incur approximately SEK -1.5 billion in restructuring costs.

  • As of 31-Dec-2012, Ericsson had 17,712 employees in Sweden.