Ericsson

Type
Internal restructuring
Country
World
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
1,500 jobs
Number of planned job losses
Job loss
Announcement Date
24 January 2010
Employment effect (start)
Foreseen end date
30 April 2010

Description

Sony Ericsson, the Sweden-based telecommunication systems provider, has announced 1500 job cuts. This is the second largescale restructuring announcement within one year. In April 2009, the company announced the dismissal of 5,000 employees worldwide (15033). Poor results have led the company to extend the scope of their restructuring. According to management, the restructuring has been caused by the fall in sales of their handset units.

Ericsson has around 79,000 employees worldwide.

Sources

  • 25 January 2010: Financial Times (www.ft.com)
  • 25 January 2010: BBC ()

Citation

Eurofound (2010), Ericsson, Internal restructuring in World, factsheet number 70126, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/70126.