Ericsson to terminate manufacturing in Sweden, cut 3,000 positions: report
September 23, 2016, 12:05 am TWN
STOCKHOLM -- Telecoms equipment maker Ericsson plans to end manufacturing in Sweden with the loss of around 3,000 jobs, Swedish newspaper Svenska Dagbladet reported late Wednesday.
The daily said it had obtained "confidential documents" outlining a 3-billion-kronor (US$350 million) cost-cutting program.
According to Svenska Dagbladet, 60 percent of the savings were to be made in Sweden, and the remainder abroad.