Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
The telecom company Ericsson has announced a staff reduction of 1,200 employees in Sweden. This is due to a decrease in sales during 2023, and an expected continuation of a challenging market during 2024. The measure is part of the company's global initiative to improve its cost position, which includes headcount reductions of staff, streamlining of processes, and reducing the number of offices.
The company has initiated cooperation negotiations with trade unions, although the unions or union representatives within the company do not currently have information about what parts of the production will be affected.
The Swedish communications technology company Ericsson operates worldwide on all continents and has in total 105,000 employees. In Sweden, the company has about 14,500 employees.
In February 2023, Ericsson laid off 1,400 employees in Sweden: Ericsson 2023 - Sweden
Eurofound (2024), Ericsson, Internal restructuring in Sweden, factsheet number 200992, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/200992.