Ericsson to end Swedish production and cut 3,000 jobs, reports say
by Reuters from Technology | The Guardian on (#1VKQ2)
Mobile telecoms firm will halt 140 years of manufacturing in home country as part of cost cuts, according to Swedish media
Mobile telecoms company Ericsson is reportedly planning to close the last of its Swedish manufacturing sites as part of planned savings, cutting about 3,000 jobs and ending 140 years of production in its home country.
Ericsson said in July it would step up cost cuts in the face of deteriorating market conditions, having already announced a 9bn Swedish krona (800m) cost-cutting programme in 2014.
Continue reading...