Ericsson continues to implement Efficiency Program

Ericsson continues to implement Efficiency Program As part of the ongoing Efficiency Program, Ericsson today announced 2,000 redundancies in Sweden. This measure is in line with earlier announced plans to streamline the Ericsson organization in a response to a massive slow down in the telecommunications equipment market. This brings the total of workforce reductions in Sweden to 4,000 employees since the beginning of the Program. Today's announcement is part of a notification process that is required under Swedish law. Of today's 2,000 redundancies approximately 1,300 are made redundant in Stockholm, 100 in Gothenburg and 600 in Gävle, where Ericsson continues to increase the manufacturing efficiency. Ericsson started the Efficiency Program in April this year to reduce its cost basis by 20 billion SEK and increase competitiveness in a worsening economic climate. An update will be released when the company announces third quarter financial results on Friday, October 26. 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. Read more at http://www.ericsson.com/press FOR FURTHER INFORMATION, PLEASE CONTACT Åse Lindskog, Director Media Relations, Corporate Communications Ericsson Phone: +46 730 24 48 72, E-mail: ase.lindskog@lme.ericsson.se