Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  NASDAQ OMX STOCKHOLM  >  Telefonaktiebolaget LM Ericsson    ERIC B   SE0000108656

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

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

share with twitter share with LinkedIn share with facebook
share via e-mail
0
03/27/2013 | 09:38am CEST
    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 [email protected]; Twitter: @DowJonesNordics

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on TELEFONAKTIEBOLAGET LM ERI
02:22p Green flag waves on 5G in Indianapolis
02:21p VERIZON COMMUNICATIONS : And Ericsson Use Indy 500 To Push 5G
01:16p BRIGHTER PUBL : represents data-driven health on state visits to Indonesia.
12:42p AT&T : Flexes On-Demand Muscle, Snags Ericsson
12:41p VERIZON COMMUNICATIONS : drafts off Indianapolis 500 to hype 5G
12:40p VERIZON COMMUNICATIONS : 5G Indianapolis 500 Demo to Support Live VR Stream
12:21p VERIZON COMMUNICATIONS : and Ericsson partner for 5G wireless trials at Indy 500
12:05p WARTSILA - One Sea - Autonomous Maritime Ecosystem introduced roadmaps to aut..
11:46a TELEFONAKTIEBOLAGET LM ERICSSON : The 5G race is on
11:46a TELEFONAKTIEBOLAGET LM ERICSSON : Ericsson signs smart travel partnership in Chi..
More news
Sector news : Communications & Networking - NEC
07:31p China's LeEco to cut 325 U.S. jobs, narrows U.S. focus to Chinese-American co..
03:48pDJMARKET SNAPSHOT : S&P 500, Nasdaq Hover Near Records As Stocks Edge Higher
05/18DJAPPLE : Today's Top Supply Chain and Logistics News From WSJ
05/18DJCISCO : Cuts Back as Product Mix Shifts -- WSJ
05/18 Qualcomm ups ante in fight with Apple, sues four Taiwanese suppliers
More sector news : Communications & Networking - NEC
News from SeekingAlpha
05/12 Thank Goodness For Large Caps - Value Blend Large Cap YTD Update
05/03 WALL STREET BREAKFAST : Fed Rate Hike Unlikely
05/03 Moody's cuts Ericsson to junk
05/02 Investor AB Has An Interesting Dividend Growth Profile
04/27 NOKIA : Skeptics Might Reconsider
Advertisement
Financials ( SEK)
Sales 2017 208 277 M
EBIT 2017 6 601 M
Net income 2017 -2 576 M
Finance 2017 10 260 M
Yield 2017 2,19%
P/E ratio 2017 -
P/E ratio 2018 23,10
EV / Sales 2017 0,89x
EV / Sales 2018 0,87x
Capitalization 194 611 M
More Financials
Chart TELEFONAKTIEBOLAGET LM ERI
Duration : Period :
Telefonaktiebolaget LM Eri Technical Analysis Chart | ERIC B | SE0000108656 | 4-Traders
Full-screen chart
Technical analysis trends TELEFONAKTIEBOLAG...
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 26
Average target price 55,5  SEK
Spread / Average Target -5,1%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Erik Börje Ekholm President, Chief Executive Officer & Director
Leif Valdemar Johansson Chairman
Carl Mellander Chief Financial Officer
Ulf Ewaldsson Senior VP, Chief Strategy & Technology Officer
Jacob Wallenberg Vice Chairman
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
TELEFONAKTIEBOLAGET LM..8.41%22 398
CISCO SYSTEMS, INC.4.53%158 198
QUALCOMM, INC.-11.55%87 582
MOTOROLA SOLUTIONS INC0.05%13 556
HARRIS CORPORATION5.93%13 234
ZTE CORPORATION--.--%11 013
More Results