weareliferuiner

  • Home
  • TECH
    • APP
    • APP REVIEW
    • GADGETS
    • IOS
    • MAC
    • SMARTPHONE
  • COMMUNICATION
  • LIFESTYLE
    • BEAUTY
    • FAMILY
    • FESTIVAL
    • FITNESS
    • FOOD & DRINK
    • HEALTH
  • MONEY
  • Chocolate
  • PRODUCTIVITY
  • NEWS
  • Contact Us !
Reading: Ericsson to Lay Off 3,000 in ‘Large Transformation’
Share
Aa
Aa
weareliferuinerweareliferuiner
Search
  • Home
  • TECH
    • APP
    • APP REVIEW
    • GADGETS
    • IOS
    • MAC
    • SMARTPHONE
  • COMMUNICATION
  • LIFESTYLE
    • BEAUTY
    • FAMILY
    • FESTIVAL
    • FITNESS
    • FOOD & DRINK
    • HEALTH
  • MONEY
  • Chocolate
  • PRODUCTIVITY
  • NEWS
  • Contact Us !
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
weareliferuiner > NEWS > Ericsson to Lay Off 3,000 in ‘Large Transformation’
NEWS

Ericsson to Lay Off 3,000 in ‘Large Transformation’

sristy
Last updated: 2016/10/05 at 4:13 AM
By sristy 2 Min Read
Share
SHARE

Ericsson to Lay Off 3,000 in 'Large Transformation'

Ericsson to Lay Off 3,000 in ‘Large Transformation’
Telecoms equipment maker Ericsson on Tuesday confirmed recent media reports that it will cut 3,000 jobs in Sweden, including in production, research and development.

The company said however that it also planned to hire 1,000 people in research and development over the next three years, as the company undergoes a “large transformation”.

“We continue to have a strong focus on research and development, and since many years, most Ericsson employees work in software development and services, rather than hardware production,” chief executive Jan Frykhammar said in a statement.

“The measures are necessary to secure Ericsson’s long term competitiveness as well as technology and services leadership,” he said.

The company currently employs around 16,000 people in Sweden and a total of 116,000 worldwide.

The 3,000 job cuts will affect around 1,000 positions in production, 800 in research and development (R&D), and some 1,200 in other operations, it said.
Ericsson said it planned to reduce the number of administrative positions in R&D, but needed new competence in new technologies and would therefore hire around 1,000 engineers in Sweden, primarily from universities, over the next three years.

Ericsson also said it would make “general cost reductions and take out external costs, primarily by reducing the number of consultants in Sweden by 900, but also through general reductions in operating expenses.”

The company has been going through a difficult period recently, and fired chief executive Hans Vestberg in July after seven years in the post.

Under his guidance, the company struggled to fend off competition from rivals Nokia, Siemens and Alcatel-Lucent, and to gain ground in saturated and competitive markets such as Europe and North America.

Tags: Alcatel Lucent, Ericsson, Telecom, Internet, Layoffs, Job Cuts

[“Source-Gadgets”]

TAGGED: 000, 3, Ericsson, in, large, Lay, off, to, Transformation:
sristy October 5, 2016
Previous Article Google Pixel Event: Pixel, Pixel XL, and What Else to Expect From Today’s Event
Next Article Microsoft CEO Satya Nadella Received $18 Million in 2016 Pay

Latest News

Early signs of kidney problems that most people ignore
HEALTH
Food and Drink Business
FOOD & DRINK
Try out the Samsung Collection app that Chinese users exclusively enjoy!
APP
The iPhone 17’s launch date has been revealed: Apple may release this enigmatic gadget on…
GADGETS
Due to the second wave of COVID-19
SMARTPHONE
Back to basics: How simple fitness outperforms every trend
FITNESS
Vivo T4 Pro Teased to Launch in India Soon; to Be Available on Flipkart
GADGETS
Explained: How the govt is planning to evaluate students’ fitness in schools
FITNESS

Removed from reading list

Undo

Lost your password?