Ericsson To Reduce Workforce By 1,200 In Sweden As Part Of Global Cost-Saving Measures

Author: Benzinga Newsdesk | March 25, 2024 08:14am

 Ericsson (NASDAQ:ERIC) expects a challenging mobile networks market in 2024, with further volume contraction  as customers remain cautious. In line with managing lower volumes, Ericsson today announces proposed staff reductions in Sweden. This measure is part of the global initiatives to improve the cost position, including headcount reductions, while maintaining investments critical to Ericsson’s technology leadership. Initiatives to increase operational efficiency will continue during 2024 but will not be announced separately
As part of these ongoing global initiatives, Ericsson now announces a headcount reduction of approximately 1,200 in Sweden. The Company has initiated negotiations with the unions.

Posted In: ERIC