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
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