Over 800 Ericsson employees must go

EricssonA general view of an office of Swedish telecom giant Ericsson is seen in Lund, Sweden.Photo:REUTERS/Stig-Ake Jonsson/TT News Agency

820 employees of the Swedish telecom company Ericsson must leave their jobs at two factories in Sweden.

It is the result of long negotiations between the company and the workers’ union IF Metall, after the company announced cuts in October.
The 820 individuals are distributed in factories in Kumla and Boras in Sweden.
– It was a tough message to give our employees the beginning of October, and this has obviously been a difficult time. Everyone has been waiting for the proceedings to be terminated so that there could be a clear message, says Maj-Britt Arfer in Ericsson to TT.
In addition, a few thousand services within corporate research and development, as well as in administration and sales, have been cut into corporate comprehensive savings package.
The crisis-struck company has tried to cut costs by 10 billion Swedish kroner between 2014 and 2017.
On Wednesday last week, corruption allegations against the company were made, claiming they systematically secured contracts by paying bribes.
Ericsson has denied these allegations, but has admitted bribes were extensively used by so-called intermediaries in the late 1990s and early 2000s.
Source: NTB scanpix / Norway Today

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