Ericsson Continues Efficiency Program Implementation

October 24, 2001 by Jeff Shepard

Ericsson (Kista, Sweden) 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.

The announcement is part of a notification process that is required under Swedish law. Of the 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.