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
500 jobs Number of planned job creations
Announcement Date
15 September 2006
Employment effect (start)
Foreseen end date
1 January 2007
Description
The Swedish telecom company Ericsson said it will hire 500 additional engineers across several countries as part of a restructuring aimed at becoming more customer-oriented.
The new engineers will be recruited mainly in Sweden to "accelerate research" in technology for future networks and multimedia, the company said. "We are stronger than ever and the time is right to accelerate the pace of business development," Chief Executive Carl-Henric Svanberg said. "Multimedia is an area with obvious business opportunities and potentially a powerful driver for increasing network capacity and investments by operators." The wireless-equipment maker said it will divide the company into three distinct business units, geared toward specific market segments - networks, global services and multimedia. The reorganization will take effect on 1 January 2007.
Sources
15 September 2006: Sveriges Radio
15 September 2006: Associated press
Citation
Eurofound (2006), Ericsson, Business expansion in World, factsheet number 64112, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64112.
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