Ericsson, global provider of telecommunications equipment and services, has decided to let go of 1,550 employees to improve profitability. The jobs cuts will be distributed in the following way: 1000 in Stockholm, 200 in Gothenburg, 40 in Borås, 50 in Karlskrona, 106 in Kumla, 120 in Linköping, 10 in Luleå, 15 in Lund, and 13 in Malmö. Individual workers will be notified by March 2013.
It has not yet been decided how the job reductions will be implemented. As of November 2012 no reductions have taken effect. Bengt Fogelberg, chair of the local chapter of the white-collar worker union 'Unionen' at Ericsson in Kista, Stockholm, states that the actual number of job reductions may not be as high as announced.
Ericsson employs over 100,000 employees worldwide and is one of the largest companies in Sweden.