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| Name | Symbol | Market | Type |
|---|---|---|---|
| Ericsson | NASDAQ:ERIC | NASDAQ | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.07 | 0.91% | 7.77 | 7.70 | 7.85 | 7.8275 | 7.715 | 7.75 | 13,556,028 | 01:00:00 |
From Sep 2019 to Sep 2024
By Juhana Rossi
Sweden's Ericsson AB, the world's largest provider of mobile network technology, said on Wednesday it will cut 2,200 jobs in Sweden to improve its profitability.
Ericsson said back in November that its profit and growth weren't satisfactory and it launched an efficiency program that aims to cut annual costs by 9 billion Swedish kronor ($1.1 billion) by 2017.
As part of the efficiency program, Ericsson said it will reduce 2,200 positions in Sweden, mainly in research and development and supply.
"There will also be efficiencies in sales, general and administration, as well as reductions in external costs, for example related to the number of consultants," the company said.
Write to Juhana Rossi at juhana.rossi@wsj.com
Access Investor Kit for LM Ericsson Telefon AB
Visit http://www.companyspotlight.com/partner?cp_code=P479&isin=SE0000108656
Access Investor Kit for LM Ericsson Telefon AB
Visit http://www.companyspotlight.com/partner?cp_code=P479&isin=US2948216088
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