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In this way, the Swedish manufacturer of telecom equipment hopes to save costs. Ericsson previously announced plans to cut 1,400 jobs in Sweden. The Swedish telecommunications supplier Ericsson
In this way, the Swedish manufacturer of telecom equipment hopes to save costs. Ericsson previously announced plans to cut 1,400 jobs in Sweden.
The Swedish telecommunications supplier Ericsson is cutting 8,500 jobs worldwide. Reuters reports this based on a memo sent to employees. With the job cuts, the company hopes to save costs. Ericsson will announce on Monday that it intends to cut 1,400 jobs in Sweden.
The cost savings are necessary as demand for telecom products such as equipment and cell towers flattens out. Last December, Ericsson announced that it wanted to save 9 billion Swedish crowns this year, the equivalent of more than 800 million euros. In addition to the wage costs, the company wants to spend less by reducing the number of consultants and buildings as well as software development, among other things. The company employs more than 105,000 people worldwide, including more than 14,000 in Germany.
The Swedish telecommunications supplier Ericsson is cutting 8,500 jobs worldwide. Reuters reports this based on a memo sent to employees. With the job cuts, the company hopes to save costs. Ericsson will announce on Monday that it plans to cut 1,400 jobs in Sweden as demand for telecommunications products, such as equipment and cell towers, flattens out. Last December, Ericsson announced that it wanted to save 9 billion Swedish crowns this year, the equivalent of more than 800 million euros. In addition to the wage costs, the company wants to spend less by reducing the number of consultants and buildings as well as software development, among other things. The company employs more than 105,000 people worldwide, including more than 14,000 in Germany.
Source: Data News
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