More to come in other country ops? Company talks of admins 'sweating assets' and slowdown in 5G network builds
Swedish networking kit maker Ericsson is laying off 1,400 employees in its home nation amid wider efforts to reduce expenses, and ahead of a deeper round of redundancies in other countries expected in the coming days.
"The negotiations with the Swedish unions are now closed and have reached agreement regarding ways of working for headcount reductions in Sweden," a spokesperson at Ericsson told"Our intention is to handle the employee reductions through a voluntary program. The proposed reduction will affect approximately 1,400 positions in Sweden," the Ericsson mouthpiece added.
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