Tuesday, 4 October 2016

3,000 jobs lost in ERICSSON

On Tuesday Swedish telecom equipment maker Ericsson, announced  plans to slash 3,000 jobs.
The jobs will come from  production, research and development and sales and some 900 consultants in Sweden.

Nation gathered that Ericsson  in a statement said the slash was due to a tough global market.

However, it said there are plans to  recruit about 1,000 research and development positions in Sweden over the coming three years.

The announcement confirms reports about job cuts at Ericsson, which said in July it would step up efficiency measures due to a tough market.

Ericsson announced a nine billion Swedish crown ($1.1 billion) cost-cutting programme in 2014.


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