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.
Ericsson AB, a world-leading provider of telecommunications equipment, is to cut 5,000 jobs worldwide, of which about 1,000 in Sweden, primarily in Stockholm. The Swedish firm said in a statement that "Cost reductions will be achieved through reduction of the number of consultants and other temporary staff, consolidation of R&D sites and layoffs".
Ericsson AB is one of the world-leading providers of telecommunication and data communication systems. It has around 74,000 worldwide.
Eurofound (2009), Ericsson, Internal restructuring in World, factsheet number 67973, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67973.