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Ericsson to cut 2,200 jobs in Sweden
2015-03-11 10:34:00| Telecompaper Headlines
(Telecompaper) Ericsson announced plans to cut 2,200 jobs at its operations in Sweden, as part of its cost-savings programme announced last year. The lay-offs in Sweden will come mainly in the areas R&D and Supply. The company also plans savings in sales, general and administration, as well as reductions in external costs, for example related to the number of consultants and consolidation of its IT portfolio. As announced last November at its Capital Markets Day, the programme targets annual savings of SEK 9 billion by 2017. The cost savings will be re-invested in growth areas such as IP networks, cloud, TV and media, OSS and BSS and Industry & Society applications. Ericsson confirmed the total cost of the restructuring is estimated at SEK 3-4 billion over the period 2015-17, in addition to usual annual restructuring costs of SEK 2 billion. Further progress on the programme will be announced at its earnings reports.
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Category:Telecommunications
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