>
New Topic
>
Topic Locked
Esato Forum Index
>
Sony Ericsson / Sony >
General
> Ericsson Slashes 5000 Jobs (Not SE)
Bookmark topic
Swedish telecoms equipment maker Ericsson says it will shed 5,000 jobs to trim costs.
The firm expects telecommunications firms to reduce spending this year as the downturn spreads.
Ericsson said its core business had so far hardly been affected by the global economic slowdown.
"But it would be unreasonable to think that this would be the case also throughout 2009," said chief executive Carl-Henric Svanberg.
Fourth-quarter net profit fell 31% to 3.89bn (£0.5bn; $0.5bn 0.4bn euros) Swedish crowns, partly due to restructuring charges related to research and development and administration.
It also blamed a dramatic drop in the contribution from its mobile phone handset venture, Sony Ericsson.
Revenue rose 23% to 67bn crowns as sales increased worldwide
Ericsson said it proposed a dividend of 1.85 crowns for 2008, down from 2.50 crowns paid out the previous year.
Ericsson announced 4,000 job cuts last year.
Source
--
Posted: 2009-01-21 13:23:14
Edit :
Quote
sorry, just a few topics down...
Ericsson to cut 5,000 jobs after reporting losses.
--
Posted: 2009-01-21 13:27:24
Edit :
Quote
New Topic
Topic Locked
