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Ericsson slashes 2,200 jobs in Sweden


Ericsson slashes 2,200 jobs in Sweden


The Swedish telecom equipment outfit Ericsson has announced it’s cutting 2,200 jobs in Sweden.

The redundancies, mainly in research and development, are part of its latest cost-cutting programme.

Ericsson said in November it aimed to cut annual costs by nearly a billion euros, with full effect in 2017. The program will entail restructuring charges of around half a billion euros between 2015 and 2017.

At the end of 2014, Ericsson employed 118,000, including 17,580 in Sweden and around 25,700 in R&D globally. Only India had more Ericsson employees than Sweden, at close to 20,000.

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