Ericsson Cuts 1,400 Staff in Sweden

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Ericsson says that it has completed a restructuring of its Swedish operations resulting in 1 399 staff being made redundant.

In total 919 staff were served with redundancy notices, while the remainder took voluntary redundancy. The bulk of the job losses (570) were in Stockholm, where the company still has just over 10,000 employees.

As announced previously, in absolute numbers, the majority of the reductions are in Ericsson's Networks unit, but all parts of the organization in Sweden are to some extent affected, impacting all its Swedish sites except Falun, Hudiksvall, Kalmar and Katrineholm.

The company expects to book a charge of USD230 million in Q1 2013 related to the redundancy costs.

Ericsson's total number of employees in Sweden was 17,712 on December 31.

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Tags: ericsson  Sweden 

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