EMCC European Monitoring Centre on Change

Ericsson

Company/Organisation:
Ericsson

Geographic Location

Country: World

Company

Sector: Information / communication
Telecommunications
61 - Telecommunications
Number Employed: 74000
Group: Ericsson

Employment Effects

Announcement Date: 20-01-2009
Planned Job Reductions min: 5000
Planned Job Reductions max: 5000
Type of Restructuring: Internal restructuring
Employment Effect Start: 01-02-2009
Foreseen End Date: 31-12-2009

Additional Information

Ericsson AB, a world-leading provider of telecommunications equipment, is to cut 5,000 jobs worldwide, of which about 1,000 in Sweden, primarily in Stockholm. The Swedish firm said in a statement that "Cost reductions will be achieved through reduction of the number of consultants and other temporary staff, consolidation of R&D sites and layoffs".

Ericsson AB is one of the world-leading providers of telecommunication and data communication systems. It has around 74,000 worldwide.