More to come in other country ops? Company talks of admins 'sweating assets' and slowdown in 5G network builds
Swedish networking kit maker Ericsson is laying off 1,400 employees in its home nation amid wider efforts to reduce expenses, and ahead of a deeper round of redundancies in other countries expected in the coming days.
"The negotiations with the Swedish unions are now closed and have reached agreement regarding ways of working for headcount reductions in Sweden," a spokesperson at Ericsson told"Our intention is to handle the employee reductions through a voluntary program. The proposed reduction will affect approximately 1,400 positions in Sweden," the Ericsson mouthpiece added.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Neighbours describe 'horrendous' fire after 400 tonnes of straw burnsAlthough a number of lines of enquiry are being considered, some local residents fear the blaze was deliberate.
Read more »
What Mary, Queen of Scots, can teach today’s infosec royaltyWhat Mary, Queen of Scots, can teach today’s cybersec royalty
Read more »
Pensioner who made more than 7,000 nuisance calls to emergency services is jailedRoger Jackson, 77, is estimated to have wasted over 400 hours of time while speaking to contact officers from the police and ambulance services.
Read more »
The new Ferrari Dino gunning for F3 glory in 2023Reigning Formula Regional European champion Dino Beganovic is the latest driver on Ferrari's roster to make the step into the Formula 1 support categories, and does so with a Prema team eager to return to its place as F3 kingmaker. Here's how the Swedish starlet working with Rickard Rydell is gearing up for his F3 graduation in 2023
Read more »
Activist investor tells Airbus to end Atos Evidian talks nowTCI Fund says buying stake in tech biz would be 'extremely inefficient use of shareholder funds'
Read more »
Ukraine rail support from UK could 'help win war' says ministerBritish engineering firm Mabey Bridge is working with Network Rail to help aid Ukraine's railway.
Read more »