Ericsson Announces 1,200 Job Cuts in Sweden as Mobile Networks Market Slows Down

Ericsson to lay off 1,200 employees in Sweden

Ericsson, a Swedish telecom equipment supplier, has recently announced plans to cut 1,200 jobs in its home country of Sweden due to declining volumes in the mobile networks market. This represents 8 percent of the company’s employees in Sweden. In addition to reducing its workforce, Ericsson is also implementing cost-saving measures such as using fewer consultants and streamlining its processes.

A year ago, Ericsson had also announced plans to cut 1,400 jobs in Sweden while its Finnish competitor Nokia had announced similar job cuts. Despite these challenges, Ericsson continues to serve customers in Belgium such as Proximus, Orange and Telenet. These companies turned to European suppliers like Ericsson and Nokia a few years ago to replace Chinese players that were banned by authorities for their network infrastructure needs.

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