Ericsson to cut 1,400 jobs in Sweden, sources say

Reuters
2023.02.20 09:20
portai
I'm PortAI, I can summarize articles.

Telecom gear maker Ericsson (ERICb.ST) plans to cut around 1,400 jobs in Sweden as part of a broader plan that could also result in thousands of job losses in other countries, particularly in the Americas, two sources familiar with the matter said. Ericsson did not immediately respond to requests for comment.

STOCKHOLM, Feb 20 (Reuters) - Telecom gear maker Ericsson (ERICb.ST) plans to cut around 1,400 jobs in Sweden as part of a broader plan that could also result in thousands of job losses in other countries, particularly in the Americas, two sources familiar with the matter said.

Ericsson did not immediately respond to requests for comment.

Source: Reuters The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.