Ericsson

Type
Internal restructuring
Country
Sweden
Region
Location of affected unit(s)
Sector
Manufacturing
(26 - 27) Manufacture of electrical, electronic and optical products
26 - Manufacture of computer, electronic and optical products
26 - Manufacture of computer, electronic and optical products
3,500 jobs
Number of planned job losses
Job loss
Announcement Date
29 April 2003
Employment effect (start)
Foreseen end date

Description

Ericsson, which has recently announced that the losses for the first quarter amount to 3,5 billion SEK, has decided to cut 3,500 jobs in Sweden. This plan, which is expected to affect 7,000 jobs worldwide, is part of a broader plan aiming at reducing the number of employees from 107,000 to 47,000.

Sources

  • 29 April 2003: Dagens Nyheter

Citation

Eurofound (2003), Ericsson, Internal restructuring in Sweden, factsheet number 60172, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60172.