Overview
- Ericsson filed a notice with the Swedish Public Employment Service covering potential reductions affecting roughly 1,600 positions.
- Talks with relevant Swedish trade unions have begun under the country’s consultation process.
- The planned cuts are part of wider efforts to improve the company’s cost position and maintain competitiveness.
- Ericsson says it will continue to invest in technology leadership and high-performing, programmable networks to enable new services and monetization opportunities.
- The proposal has not been implemented and remains subject to negotiations, and Ericsson shares were up about 1% in premarket trading, according to Benzinga.