Ericsson – 2,200 jobs cut

Swedish vendor eliminates 2,100 positions; 1,700 staff set to leave the company.

Ericsson on Wednesday revealed that it has begun giving notice to staff facing redundancy as part of its 9 billion-kronor (€987 million) cost-cutting programme.

In the past few weeks approximately 2,100 positions have been eliminated at the vendor’s Swedish R&D and supply operations. Around 1,700 staff will not be assigned new roles and will leave the company.

Ericsson confirmed in March that it will cut approximately 2,200 jobs in total; the redundancies are also expected to affect its sales, general and administration operations, and the number of external consultants on its books.

Chosen excerpts by Job Market Monitor. Read the whole story at  Ericsson redundancy programme kicks in.