23 Mar '11, 11am

Ericsson to cut 450 Swedish jobs

STOCKHOLM - SWEDEN'S mobile network giant Ericsson said on Wednesday it would cut 450 Swedish sales and administrative jobs as part of the adjustment of its operations in the country. 'Ericsson is informing its employees today on an adjustment of its activities which imply a reduction of about 400 jobs in Stockholm and around 50 jobs in Gothenburg within sales and administration,' the company said in a statement. The company said the cuts were necessary following a new structure put in place in 2010 and according to which 'certain competences within sales and administration moved closer to clients.' Ericsson's head of human resources in Sweden said it was 'a very sad decision' to cut staff in Stockholm and Gothenburg but said the company has started a process to recruit some 250 engineers for activities in Sweden. At around 1020 GMT (6.20pm Singapore time), the company's s...

Full article: http://www.straitstimes.com/BreakingNews/Money/Story/STIS...

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