logo
Share SHARE
FONT-SIZE Plus   Neg

Ericsson Completes Planned Reduction Of Operations In Sweden - Quick Facts

Ericsson (ERIC) 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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Embark Veterinary Inc., a startup that makes dog DNA-testing kits for pet owners, vets and breeders, said it has raised $4.5 million in funding from investors and relocated its headquarters to Boston. The company intends to use the new funding to expand its canine genetic testing suite for pet owners, breeders, and veterinarians. Intel Corp. has completely shut down its wearables division about two weeks ago, CNBC reported, citing a person familiar with the matter. The company reportedly intends to focus on augmented reality. According to the CNBC report, Intel laid off about 80 percent of the team that made the Basis fitness watch in November 2016 and has now eliminated the division entirely. The Federal Trade Commission is investigating allegations that Amazon.com Inc. misled consumers about its pricing discounts, Reuters reported, citing a source close to the probe. The FTC probe is reportedly part of the agency's review of Amazon's proposed $13.4 billion deal to buy grocery chain Whole Foods Market Inc.
comments powered by Disqus
Follow RTT