Ericsson concludes its planned reduction of operations in Sweden
- In completion of earlier announced reductions of operations in Sweden, 1,399 positions were impacted with 919 employees notified
- All sites in Sweden were affected except Falun, Hudiksvall, Kalmar and Katrineholm
- Expected restructuring costs associated to these actions estimated to approximately SEK -1.5 b., impacting Group results in Q1, 2013
On November 7, 2012, Ericsson (NASDAQ:ERIC) informed its employees about a change in operations in Sweden, which also included reduction of positions covering all job areas, including sales, general and administration, R&D, supply and service delivery.
Ericsson in Sweden has reduced its operations by 1,399 positions by adapting the organization, in cooperation with the unions. This has resulted in 919 employees being given notice.
As announced previously, in absolute numbers, the majority of the reductions are in Ericsson's Networks unit, but all parts of the organization in Sweden are to some extent affected, impacting all its Swedish sites except Falun, Hudiksvall, Kalmar and Katrineholm.
Actual employees made redundant per site: Borås (24 employees), Gothenburg - Lindholmen and Mölndal (100), Karlskrona (30), Kumla (89), Linköping (78), Luleå (7), Lund (14), Malmö (8), Stockholm (569).
Expected restructuring costs associated to these actions estimated to approximately SEK -1.5 b., impacting Group results in Q1, 2013.
NOTES TO EDITORS
Total number of employees in Sweden was 17,712 on December 31. Ericsson has sites in: Borås (approx 1,100 employees), Falun (approx 230), Gothenburg - Lindholmen and Mölndal (approx 2,200), Hudiksvall (approx 300), Kalmar (aprox 20), Karlskrona (675), Katrineholm (approx 400), Kumla (approx 650), Linköping (approx 1,300), Luleå (approx 50), Lund and Malmö (approx 100), Stockholm (approx 10,700).
Photos of Tomas Qvist attached.
Ericsson reduces operations in Sweden: www.ericsson.com/thecompany/press/releases/2012/11/1655718
Download high-resolution photos and broadcast-quality video at www.ericsson.com/press
Ericsson is a world-leading provider of communications technology and services. We are enabling the Networked Society with efficient real-time solutions that allow us all to study, work and live our lives more freely, in sustainable societies around the world.
Our offering comprises services, software and infrastructure within Information and Communications Technology for telecom operators and other industries. Today 40 percent of the world's mobile traffic goes through Ericsson networks and we support customers' networks servicing more than 2.5 billion subscriptions.
We are more than 110,000 people working with customers in more than 180 countries. Founded in 1876, Ericsson is headquartered in Stockholm, Sweden. In 2012 the company's net sales were SEK 227.8 billion (USD 33.8 billion). Ericsson is listed on NASDAQ OMX, Stockholm and NASDAQ, New York stock exchanges.
FOR FURTHER INFORMATION, PLEASE CONTACT
Ericsson Corporate Communications
Phone: +46 10 719 69 92
Ericsson Investor Relations
Phone: +46 10 719 00 00