© AFP
Swedish telecom equipment supplier Ericsson will cut 1,200 jobs in its home country of Sweden. The company announced this on Monday. Ericsson refers to the “challenging market” of mobile networks, with volumes falling as customers remain cautious.
The job reduction in Sweden means that 8 percent of the workforce will have to leave. At the same time, Ericsson is taking other measures to reduce costs. The company says it will also use fewer consultants and streamline its processes.
A year ago, Ericsson announced it would cut 1,400 jobs in Sweden. Its Finnish competitor Nokia also announced last year that thousands of jobs would have to disappear.
Ericsson has Proximus, Orange and Telenet as customers in Belgium. A few years ago, they had to look for new suppliers for their network infrastructure to replace the Chinese players banned by the authorities. They then ended up at the European companies Ericsson and Nokia.