STOCKHOLM Oct 4 Swedish telecom equipment maker
Ericsson, announced on Tuesday plans to slash 3,000
jobs in production, research and development and sales and some
900 consultants in Sweden.
The announcement confirms reports in Swedish media about job
cuts at Ericsson, which said in July it would step up efficiency
measures due to a tough market, having already announced a 9
billion Swedish crown ($1.1 billion) cost-cutting programme in
However, Ericsson said it in a statement it would also
recruit about 1,000 research and development positions in Sweden
over the coming three years. It said its cost and efficiecy
programme was progressing according to plan.
(Reporting by Olof Swahnberg and Helena Soderpalm; editing by