US EditionEricsson will cut 1,200 jobs in Sweden
- Ericsson, a Swedish telecoms equipment company, is reducing 8.6% of its workforce in Sweden, cutting 1,200 jobs.
- The company anticipates a tough mobile networks market in 2024, with decreasing volumes due to customer caution.
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40 Articles
Ericsson to Lay off 1,200 Staff in Sweden as 5G Spending Slows
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Ericsson to Shed 1,200 Swedish Jobs in Bid to Slash Costs
(Bloomberg) -- Ericsson AB, one of the world’s biggest providers of 5G networking equipment, said it will cut 1,200 jobs in Sweden, reducing costs as it faces lower sales from mobile providers. The company also plans to cut costs separately by eliminating facilities and the use of consultants and will streamline processes, it said in a statement on Monday. The company said it’s in negotiations with unions over the cuts, which represent about 8.6…
Stockholm. The Swedish telecommunications equipment company Ericsson announced on Monday the elimination of 1,200 jobs in Sweden, about 8.6% of its workforce in the country, due to a “difficult” market.Ericsson “expects a difficult mobile network market in 2024, with a greater contraction in volumes, and customers remain cautious,” the group said in a statement. These layoffs are in addition to the 8,500 positions that the Swedish company announ…
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