Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
Sector
Information / Communication
Information Communication Services
Telecommunications
61 - Telecommunications

5,000 jobs
Number of planned job losses
Job loss
Announcement Date
20 January 2009
Employment effect (start)
1 February 2009
Foreseen end date
31 December 2009

Description

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.


Sources

  • 22 January 2009: Il Sole 24 Ore

Citation

Eurofound (2009), Ericsson, Internal restructuring in World, factsheet number 67973, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67973.