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.
Manufacturing Manufacture Of Computer, Electrical Electronic And Optical Products Manufacture Of Computer, Electronic And Optical Products 26 - Manufacture of computer, electronic and optical products
60,000 jobs Number of planned job losses
Announcement Date
1 March 2001
Employment effect (start)
Foreseen end date
1 December 2004
Description
Ericsson had 107,000 employees in March 2001, when a cost-cutting programme was launched to respond to the harsh trading environment. Since this programme was launched, Ericsson has reduced its staff from 107,000 workers to 53,400 today through various job-reduction plans. The downward trend in the number of employees will go on in 2004 as the company aims to reduce the current figure to 47,000 by the end of the year.
Sources
29 April 2003: Third Quarter Report 2003
17 September 2002: Annual Report 2001
Citation
Eurofound (2001), Ericsson, Internal restructuring in World, factsheet number 59506, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59506.
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