Ericsson to cut 300 jobs in Spain

Ericsson to cut 300 jobs in Spain

Swedish telecoms giant Ericsson will slash over 300 jobs in Spain (about 13 per cent of its workforce) this July as part of a sweeping European reorganisation. The move comes just a year after the company’s Madrid, Málaga and Barcelona operations avoided global layoffs at its Stockholm HQ. The cuts will affect roles across Ericsson Spain’s 2,260-strong team, which includes over 800 R& Source

Report: Ericsson to Cut 300 Jobs in Spain - Inside Towers

Swedish telecom equipment vendor Ericsson (NASDAQ: ERIC) is planning to cut more than 300 jobs in Spain, according to Spanish publication El Economista. That could result in about 13 percent of Ericsson’s Spanish workforce losing their jobs as part of a restructuring. Ericsson currently employs 2,260 people in Spain. Ericsson told El Economista the cuts will “create operational efficiencies, which may mean duplicating some functions or making wo…