The implementation of Ericsson's (NASDAQ:ERIC) new organization is running according to plan and the new organization will, as previously announced, be up and running as of January 1, 2007. Ericsson makes this move to further strengthen its market and technology leadership.
The development in mobile and fixed broadband capabilities and move toward next generation networks opens up for richer multimedia services and accelerates opportunities for growth. Ericsson is therefore implementing a more customer-oriented organization with three business units, each optimized for its specific market segment.
Ericsson's new group management team:
Carl-Henric Svanberg, Chief Executive Officer and President
Kurt Jofs, Executive Vice President and General Manager, business unit Networks
Bert Nordberg, Executive Vice President, group function Sales and Marketing
Björn Olsson, Executive Vice President and deputy General Manager, business unit Networks
Hans Vestberg, Executive Vice President and General Manager, business unit Global Services
Jan Wäreby, Senior Vice President, head of business unit Multimedia
Carl Olof Blomqvist, Senior Vice President, group function Legal Affairs
Håkan Eriksson, Senior Vice President, group function Technology, and Chief Technology Officer
Marita Hellberg, Senior Vice President, group function Human Resources and Organization
Henry Sténson, Senior Vice President, group function Communications
Joakim Westh, Senior Vice President, group function Strategy and Operational Excellence
As previously announced, Ericsson has identified certain excess headcount as a consequence of the new organization. Ericsson will reduce headcount by an offer of voluntary resignation to the affected employees. Those, who are addressed by the offer, can apply for severance payment or permanent employment with Manpower as a consultant. The offer applies mainly to employees in administrative functions where Manpower has a large need for new resources. The cooperation with Manpower is a unique set-up and a new, positive way to facilitate redundancies.
Ericsson is shaping the future of Mobile and Broadband Internet communications through its continuous technology leadership. Providing innovative solutions in more than 140 countries, Ericsson is helping to create the most powerful communication companies in the world.
Ericsson is a world leader in communications technology and services with headquarters in Stockholm, Sweden. Our organization consists of more than 100,000 experts who provide customers in 180 countries with innovative Solutions and services. Together we are building a more connected future where anyone and any industry is empowered to reach their full potential. Net sales in 2017 were SEK 201.3 billion (USD 23.5 billion). The Ericsson stock is listed on Nasdaq Stockholm and on NASDAQ in New York. Read more on www.ericsson.com.