Wednesday, July 29, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Samsung Starts Mass Production Of First Mobile Image Sensor with 1.0µm Pixels
Windows 10 Free Upgrade Today
Oculus Debuts Virtual Reality Film
Nokia Releases The OZO Virtual Reality Camera for Professionals
LG Electronics 2Q Profit Slumps On Weak TV, Smartphone Sales
Qualcomm Enables Wireless Charging for Mobile Devices with Metal Cases
New Memory Memory Chip Is 1,000 Times Faster Than Flash
Motorola Unveils New Moto G, Moto X Play and Moto X Style Android Phones
Active Discussions
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Copied dvd's say blank in computer only
menu making
Optiarc AD-7260S review
 Home > News > General Computing > Ericsso...
Last 7 Days News : SU MO TU WE TH FR SA All News

Tuesday, May 21, 2013
Ericsson to Close Down Telecom Cable Manufacturing


Ericsson on Tuesday initiated union negotiations to close down its telecom cables operation within business unit Networks.

As the market for copper cable has declined and the market for fiber cable has grown over the last years, the production has shifted towards Asia, where the majority of the business volumes for fiber cable are found. In Europe there is more production than demand for both copper and fiber cables.

Tomas Qvist, head of Special Products in business unit Networks, and head of Human Resources for Ericsson in Sweden, says: "It is a tough message to bring to our colleagues in the telecom cable operations in Hudiksvall and Stockholm today. The decision is based on the fact that Ericsson's production of telecom cables is small from a global perspective, and that we also have a small market share. There is overproduction on the cable market in Europe. Unfortunately, our production has not been operating at full capacity for a long time and has struggled with profitability."

The announcement primarily impacts the operations in Hudiksvall and Stockholm. A notice of reduction of 318 positions in Hudiksvall is given, and a dialog with the unions in Stockholm for how to close down 36 positions in Stockholm is initiated.

Ericsson estimates that closing the cable manufacturing sites will generate restructuring charges of about SEK 0.5 billion. With the current time plan, approximately half will impact of business unit Networks' operating income in the second quarter 2013. The rest will impact Networks' operating income in the third quarter 2013.

Ericsson said that today's announcement would not impact the process for the divestment of the power cables operations to NKT Cables announced by th ecompany earlier this month.


Previous
Next
Sony Is Testing Faster Video Streaming Technology        All News        GLOBALFOUNDRIES Joins Qualcomm, IMEC, In MRAM Research Efforts
Sony To Implement New Strategy to Enhance Group's Value     General Computing News      GLOBALFOUNDRIES Joins Qualcomm, IMEC, In MRAM Research Efforts

Get RSS feed Easy Print E-Mail this Message

Related News
Ericsson Filed New Suits Against Apple in Germany, the UK and the Netherlands
Ericsson Sues Apple Over Patent Infringement
Apple, Ericsson In Courts Over LTE Patents
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 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

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .