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Ericsson says Swedish staff cuts running ahead of plan Dec 8, 2016
 

Ericsson workers walk outside the Ericsson factory in BorasStruggling telecom equipment maker Ericsson said on Thursday sweeping staff cuts in its Swedish home market were running ahead of schedule, resulting in higher restructuring costs this year. There has been speculation among analysts and staff at Ericsson about whether the company might need further cost savings to deal with tough market conditions and one analyst said it looked like more jobs could go be lost globally. The company said it expected restructuring costs this year of 5.5-6.5 billion Swedish crowns ($606-717 million), higher than a previous estimate of 4-5 billion.


 
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