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Ericsson plans to shed 1,600 jobs in Sweden
Ericsson plans to cut about 1,600 jobs in Sweden, impacting up to 1 in 10 workers, to maintain competitiveness amid telecom market slowdown and fund strategic investments.
- On Jan 15, Ericsson said it plans to cut around 1,600 jobs in Sweden as part of cost-cutting measures.
- The company said the cuts are part of measures to ensure Ericsson's competitive position and improve cost structure as part of a global initiative amid a tough mobile network market.
- After prior rounds, Ericsson previously cut 1,400 roles in 2023 and 1,200 in 2024, with around 12,600 staff in Sweden meaning up to one in ten could be affected.
- Ericsson has submitted notice to the Swedish Public Employment Service and begun talks with relevant Swedish trade unions, aiming to complete layoffs this year as shares rose 1.7% Thursday.
- This move aligns with a years-long strategy to shift the business toward software as Ericsson reported nine-month revenues of 167.4bn SEK .
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31 Articles
31 Articles
The proposed reduction is part of a plan to improve its cost structure, the group announced.
The Swedish telecoms giant announces shipments affecting 13,000 staff in the country. The measure is to be included in a global project to improve cost structure.
·Portugal
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Ericsson announces a staff reduction that could affect approximately 1,600 positions in Sweden.
·Stockholm, Sweden
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Coverage Details
Total News Sources31
Leaning Left4Leaning Right4Center5Last UpdatedBias Distribution38% Center
Bias Distribution
- 38% of the sources are Center
38% Center
L 31%
C 38%
R 31%
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