Published 25 February 2023 at 07.16
Economy. In Sweden, 1,400 employees are affected who may leave the telecom giant Ericsson, and on a global level the company now announces that it is firing 8,500 people.
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The action is part of the work to reduce costs. This is written by Reuters, which has seen an internal letter to the employees.
Profitability is declining and last autumn this caused the company to announce cost savings.
– How the redundancies are to be handled varies from country to country , says Ericsson CEO Börje Ekholm in a statement.
The recession
- Poor people get free food in Uppsala
- Sales of new mobile phones fall sharply
- Discount trade flourishes when we save for crisis
- Swedes historically pessimistic about the future
- Home electronics evicted in the middle days