Ericsson

Type
Internal restructuring
Country
Sweden
Region
Location of affected unit(s)
Kumla and Sundsvall
Sector
Information / Communication
Information Communication Services
Telecommunications
61 - Telecommunications
290 jobs
Number of planned job losses
Job loss
Announcement Date
15 April 2008
Employment effect (start)
16 April 2008
Foreseen end date
31 December 2008

Description

Ericsson, the Swedish-based provider of telecommunication and data communication systems, has announced the loss of 200 jobs in Kumla and the closure of its plant in Sundsvall resulting in the loss of 90 jobs. Although the company expects to complete its restructuring plan by the end of 2008, the last dismissals are likely to be implemented in the first half of 2009. The job cuts are attributed to a drop in revenue growth in 2007 and a need to reduce costs.

Sources

  • 16 April 2008: Dagens Industri
  • 16 April 2008: Svenska Dagbladet

Citation

Eurofound (2008), Ericsson, Internal restructuring in Sweden, factsheet number 66531, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66531.