Member access

4-Traders Homepage  >  Shares  >  NASDAQ OMX NORDIC  >  Ericsson    ERICB   SE0000108656

ERICSSON (ERICB)

25
Delayed Quote. Delayed BATS Europe - 10/24 03:36:27 am
84.5 SEK   0.00%
2h ago ERICSSON : Stepping up marketing and communications in support of growth an..
2h ago ERICSSON : reports third quarter 2014
1d ago Network gear maker Nokia tops market expectations
SummaryChart AnalysisNewsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll news 

Ericsson : Confirms 1,399 Job Cuts, SEK1.5 Billion Costs To Hit 1Q13

03/27/2013 | 03:38am US/Eastern
    By Dominic Chopping 
 

STOCKHOLM--Swedish network equipment vendor Ericsson AB (ERIC) said Wednesday it has cut 1,399 jobs in Sweden as part of a previously announced restructuring, leading to costs of around SEK1.5 billion that will hit its first quarter results.

 
   MAIN FACTS: 

-On November 7, 2012, Ericsson informed its employees about a change in operations in Sweden, which also included reduction of positions covering all job areas.

-Ericsson in Sweden has reduced its operations by 1,399 positions by adapting the organization, in cooperation with the unions. This has resulted in 919 employees being given notice.

-The majority of the reductions are in Ericsson's Networks unit, but all parts of the organization in Sweden are to some extent affected, impacting all its Swedish sites except Falun, Hudiksvall, Kalmar and Katrineholm.

-The company originally expected to cut around 1,550 jobs.

-At 0819 GMT shares traded 0.7% higher at 81.85.

-Write to Dominic Chopping at dominic.chopping@dowjones.com; Twitter: @DowJonesNordics

Latest news on ERICSSON
2h ago ERICSSON : Stepping up marketing and communications in support of growth and tra..
2h ago ERICSSON : reports third quarter 2014
1d ago Network gear maker Nokia tops market expectations
1d ago Network gear maker Nokia tops market expectations
1d agoDJNokia Outlook Bullish As It Swings to Profit
2d ago ERICSSON : Researchers Submit Patent Application, "Methods, Apparatus, and Compu..
2d ago ERICSSON : Telcordia Technologies, Toshiba America Research Assigned Patent
2d ago ERICSSON : Stepping up marketing and communications in support of growth and tra..
2d ago ERICSSON : World record in data transmission with smart circuits
3d ago ERICSSON : joins Mobitel and OUSL to empower girls in Sri Lanka
Advertisement
Chart
Duration : Period :
Ericsson Technical Analysis Chart | ERICb | SE0000108656 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF