Ericsson (ERIC: Quote) announced that it completed its planned reduction of operations in Sweden. Ericsson in Sweden has reduced its operations by 1,399 positions by adapting the organization, in cooperation with the unions. This has resulted in 919 employees being given notice.
Actual employees made redundant per site: Borås (24 employees), Gothenburg - Lindholmen and Mölndal (100), Karlskrona (30), Kumla (89), Linköping (78), Luleå (7), Lund (14), Malmö (8), Stockholm (569).
The company expects that restructuring costs associated with these actions will be about SEK -1.5 billion, impacting Group results in the first-quarter of 2013.
In November 2012, Ericsson had informed its employees in Sweden about the plan to reduce its operations in Sweden that involves a reduction of an estimated 1,550 positions, covering all job areas, including sales, general and administration, research and development, supply and service delivery.
Click here to receive FREE breaking news email alerts for Ericsson and others in your portfolio
by RTT Staff Writer
For comments and feedback: firstname.lastname@example.org