Ericsson completes Swedish job cuts

Ericsson completes Swedish job cuts

27 MAR 2013
Ericsson

Ericsson has completed its restructure in Sweden, with 919 employees leaving the company.

It informed employees of the job cuts in November last year, as it looked to reduce costs and improve operational effectiveness.

Ericsson has worked with unions to adapt the organisation and consolidate some positions, so that only 919 employees have had to depart, despite 1,399 actual roles being cut.

All but four of the company’s sites in Sweden have been affected and the costs associated with the restructuring are estimated to be around SEK1.5 billion ($231 million), which will be reflected in the group’s first quarter results.

Stockholm will see the largest number of redundancies with 569, while the two sites in Gothenburg will see a total of 100 employees leave.

The majority of the roles that have gone are in the Networks unit and include jobs in sales, general and administration, R&D, supply and service delivery.

In a separate development, Ericsson is in discussions to buy Microsoft’s IPTV division, according to Bloomberg sources. The business makes software used by operators such as AT&T to deliver television over the internet.

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Tim Ferguson

Tim joined Mobile World Live in August 2011 and works across all channels, with a particular focus on apps. He came to the GSMA with five years of tech journalism experience, having started his career as a reporter... More

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