EMCC European Monitoring Centre on Change

Ericsson

Company/Organisation:
Ericsson

Geographic Location

Country: World

Company

Sector: Manufacturing
Manufacture of computer, electronic and optical products
26 - Manufacture of computer, electronic and optical products
Number Employed: 100700
Group: Ericsson

Employment Effects

Announcement Date: 01-03-2001
Planned Job Reductions min: 60000
Planned Job Reductions max: 60000
Type of Restructuring: Internal restructuring
Foreseen End Date: 01-12-2004

Additional Information

Ericsson had 107,000 employees in March 2001, when a cost-cutting programme was launched to respond to the harsh trading environment. Since this programme was launched, Ericsson has reduced its staff from 107,000 workers to 53,400 today through various job-reduction plans. The downward trend in the number of employees will go on in 2004 as the company aims to reduce the current figure to 47,000 by the end of the year.