Ericsson slashes 1,550 jobs in Sweden to cut costs
08 Nov 2012
Global telecom equipment giant Ericsson said yesterday that the company plans to reduce 1,550 positions in Sweden to cut costs and improve operational efficiency.
The planned job cuts will be across all job areas including sales, general and administration, research and development, supply and service delivery, the company said in a statement.
A large number of the reductions are in Ericsson's networks unit, that would impact all of its Swedish sites except Falun, Hudiksvall, Kalmar and Katrineholm.
The Stockholm site will be maximum affected with around 1,000 job cuts followed by Gothenburg with 200, Linkoping 120 and Kumla 106.
The company will also reduce significantly the number of consultants and temporary workforce.
Ericsson's head of human resources in Sweden Tomas Qvist said, ''We must ensure that we can continue to execute on our strategy to maintain our market leadership, invest in R&D and meet our customers' needs. To secure this we need to focus on reducing cost, driving commercial excellence and operational effectiveness. This will enable us to secure our future competitiveness.''