Thursday, September 18, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
AT&T Launches High-speed U-verse Service for Businesses
AMD Moves Closer To The Introduction Of Project FreeSync Monitors
Ericsson to Shut Modem Business
VIA Launches ARTiGO A900 Android System For IoT and M2M Deployments
Amazon Purchases .buy Domain for 4.6 Million Dollars
Toshiba to Develop New Transistor Series Using Latest Process Technology
Samsung Now Mass Producing 20-Nanometer 6Gb LPDDR3 Mobile DRAM
Samsung Introduces 27-inch S27D590C Curved Monitor
Active Discussions
Yamaha CRW-F1UX
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
IBM supercharges Power servers with graphics chips
Werner Vogels: four cloud computing trends for 2014
 Home > News > Mobiles > Ericsso...
Last 7 Days News : SU MO TU WE TH FR SA All News

Wednesday, November 07, 2012
Ericsson To Cut Jobs In Sweden


Ericsson AB, the world?s largest maker of mobile-phone networks, said it will eliminate 1,550 positions in Sweden, two weeks after reporting a slump in profit as wireless carriers curbed spending.

The reduction of the estimated 1,550 positions is covering all job areas, including sales, general and administration, research and development, supply and service delivery.

"It is naturally a difficult message for our employees in Sweden," says Tomas Qvist, head of Ericsson's Human Resources in Sweden. "We must ensure that we can continue to execute on our strategy to maintain our market leadership, invest in R&D and meet our customers' needs. To secure this we need to focus on reducing cost, driving commercial excellence and operational effectiveness. This will enable us to secure our future competitiveness.

"Over the past couple of years we have been continuously driving these global efficiency measures across regions and units. And, sometimes redundancies are unfortunately inevitable," says Qvist.

In absolute numbers, the majority of the reductions are in Ericsson's Networks unit, but all parts of the organization in Sweden are to some extent affected, impacting all its Swedish sites except Falun, Hudiksvall, Kalmar and Katrineholm.

Ericsson joins Nokia Siemens Networks and Alcatel-Lucent SA in reacting to spending cuts among mobile-phone companies hurt by a slowing economy and competition from Chinese manufacturers.

By cutting jobs, Ericsson is acting on a sales forecast it trimmed in March, when it predicted compound growth of between 2 percent and 8 percent through 2014. The manufacturer yesterday said the global market for telecommunications hardware will grow by an average 3 percent to 5 percent a year through 2015, supported by increases in smartphone use.

The Swedish company said it?s negotiating with union representatives and expects to inform all employees affected by the plan by March 2013.


Previous
Next
Sony Brings Ice Cream Sandwich Upgrade To Xperia T and Xperia TX        All News        Latest Chrome Browser Saves Battery Power
Sony Brings Ice Cream Sandwich Upgrade To Xperia T and Xperia TX     Mobiles News      Nokia Lumia 820 And 920 Windows Phone Priced Aggressively To Undercut Rivals

Get RSS feed Easy Print E-Mail this Message

Related News
Ericsson to Shut Modem Business
Ericsson To Offer 5 Gbps Speeds By 2020
MWC: Vodafone and Ericsson Trial LTE Broadcast
MWC: Philips and Ericsson Unite On Smart Street Lighting
Ericsson and Samsung End Patent Dispute
Intel Buys ST-Ericsson's GPS Business
Ericsson to Close Down Telecom Cable Manufacturing
Ericsson Buys Microsoft IPTV Business
Ericsson and STMicroelectronics To Split Mobile Chip Unit
ST-Ericsson Brings PC Speeds To Mobile Devices With New 3GHz Mobile Processor
USITC To Review Samsung Patent Complaint Against Ericsson
Unwired Planet Buys More Than 2,000 Patents From Ericsson

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .