Ericsson cuts 2,200 jobs

Written By Unknown on Rabu, 11 Maret 2015 | 22.34

WIRELESS equipment maker Ericsson will cut 2,200 jobs in Sweden as part of a nine billion kronor ($A1.44 billion) savings package.

THE Stockholm-based company said the layoffs would mostly affect research and development and supply positions.

Ericsson, a leading maker of mobile broadband infrastructure, said the cuts were part of a savings plan announced in November "with an ambition to reduce operating expenses and cost of sales across all Ericsson's operations."The cost cuts are expected to take full effect in 2017.

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