Ericsson to cut 1,400 jobs in Sweden

Ericsson to cut 1400 jobs in Sweden

(Tiper Stock Exchange) – Ericsson it will cut 1,400 jobs in Sweden.

The Swedish telecommunications equipment maker has announced plans to cut around 1,400 jobs in Sweden in an effort to keep costs down by cutting consultants and improving processes.

The job cuts, the result of negotiations with the unions, are on a voluntary basis.

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