ST-Ericsson Outsources Sweden R&D Office to Supplier
Published on: 10th Oct 2012
Note -- this news article is more than a year old.
ST Ericsson has announced that it has agreed to transfer its research and development center in Link ping (Sweden) to Cybercom. The agreement foresees the transfer of 27 employees from ST Ericsson to Cybercom.
Cybercom, which is a supplier to ST-Ericsson, will develop testing tool software for ST-Ericsson through June 2013.
"The agreement with Cybercom allows us to continue to progress on the site and resources strategy we announced in April" said Carlo Ferro, Chief Operating Officer of ST-Ericsson. "At the same time, it ensures continuity for both the employment of our highly competent colleagues in Linköping and their contribution to a strong technology cluster in the region. We wish them all the best in contributing to Cybercom's success".
This transfer is further progress in ST-Ericsson's site strategy announced in April this year, which aims to enhance operational efficiency of the company by reducing its worldwide activities into fewer sites lowering the break-even point.
During the last two years, the Cybercom Linköping operations have grown sales 50 percent. The operations include 75 consultants with offering connectivity engineering and security services to clients mainly in the industry segment in the region.