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
450 jobs Number of planned job losses
250 jobs Number of planned job creations
Announcement Date
23 March 2011
Employment effect (start)
28 March 2011
Foreseen end date
30 June 2011
Description
On 23 March, Ericsson announced the adjustment of its operations in Sweden which will result in 450 job cuts. 400 jobs will be cut in Stockholm and another 50 in Gothenburg within sales and administration. Negotiations with trade unions have already started.
At the same time, the company has started to recruit some 250 engineers within research and development (R&D) due to an increased demand of 4G-technology. According to the company, the cuts were necessary to reduce costs and increase efficiencey.
Ericsson has some 17,848 employees in Sweden and 90,000 worldwide.
Sources
23 March 2011: Di.se
Citation
Eurofound (2011), Sony Ericsson, Internal restructuring in Sweden, factsheet number 71790, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/71790.
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