Saturday, November 10, 2012

Ericsson to cut 1,550 jobs, network division hit hardest

Swedish telecom equipment maker Ericsson  announced on Wednesday that it intends to shed 1,550 jobs in Sweden in an effort to boost profits.
The cuts would fall widely, affecting people in sales, administration, research and development and procurement, but the networks division would be hardest hit, the company said.

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