Ericsson reduces operations in Sweden

Ericsson reduces operations in Sweden

ID: 200366

(Thomson Reuters ONE) -


* Taking actions to reduce costs, drive commercial excellence and operational
effectiveness
* 1,550 positions in Sweden subject to notice, affecting all parts of the
organization
* All sites in Sweden are affected except Falun, Hudiksvall, Kalmar and
Katrineholm

Today Ericsson (NASDAQ:ERIC) informs its employees in Sweden about the plan to
reduce its operations in Sweden that involves a reduction of an estimated 1,550
positions, covering all job areas, including sales, general and administration,
research and development, supply and service delivery.

"It is naturally a difficult message for our employees in Sweden," says Tomas
Qvist, head of Ericsson's Human Resources in Sweden. "We must ensure that we can
continue to execute on our strategy to maintain our market leadership, invest in
R&D and meet our customers' needs. To secure this we need to focus on reducing
cost, driving commercial excellence and operational effectiveness. This will
enable us to secure our future competitiveness.

"Over the past couple of years we have been continuously driving these global
efficiency measures across regions and units. And, sometimes redundancies are
unfortunately inevitable," says Qvist.

In absolute numbers, the majority of the reductions are in Ericsson's Networks
unit, but all parts of the organization in Sweden are to some extent affected,
impacting all its Swedish sites except Falun, Hudiksvall, Kalmar and
Katrineholm.

Estimated redundancies per site: Borås (40 positions), Gothenburg - Lindholmen
and Mölndal (approx 200), Karlskrona (50), Kumla (106), Linköping (120), Luleå
(10), Lund (15), Malmö (13), Stockholm (approx 1000).

Negotiations with the union representatives about how to handle the redundancies
have started, and in March 2013 all employees concerned are expected to be




informed. The number of consultants and temporary workforce will also be
substantially reduced.

Total number of employees in Sweden was 17,768 on September 30. Ericsson has
sites in: Borås (approx 1,100 employees), Falun (approx 230), Gothenburg -
Lindholmen and Mölndal (approx 2,200), Hudiksvall (approx 300), Kalmar (aprox
20), Karlskrona (675), Katrineholm (approx 400), Kumla (approx 650), Linköping
(approx 1,300), Luleå (approx 50), Lund and Malmö (approx 100), Stockholm
(approx 10,800).


Invitation to a press briefing
Ericsson's head of Human Resources in Sweden, Tomas Qvist, will be available for
comments at Ericsson, Torshamnsgatan 23 in Kista, today, November 7 at 1pm.
Only for accredited journalists.

NOTES TO EDITORS

Photos of Tomas Qvist attached; also available upon request.

Download high-resolution photos and broadcast-quality video at
www.ericsson.com/press

Ericsson is the world's leading provider of communications technology and
services. We are enabling the Networked Society with efficient real-time
solutions that allow us all to study, work and live our lives more freely, in
sustainable societies around the world.

Our offering comprises services, software and infrastructure within Information
and Communications Technology for telecom operators and other industries. Today
more than 40 percent of the world's mobile traffic goes through Ericsson
networks and we support customers' networks servicing more than 2.5 billion
subscribers.

We operate in 180 countries and employ more than 100,000 people. Founded in
1876, Ericsson is headquartered in Stockholm, Sweden. In 2011 the company's net
sales were SEK 226.9 billion (USD 35.0 billion). Ericsson is listed on NASDAQ
OMX, Stockholm and NASDAQ, New York stock exchanges.

www.ericsson.com
www.twitter.com/ericssonpress
www.facebook.com/technologyforgood
www.youtube.com/ericssonpress


FOR FURTHER INFORMATION, PLEASE CONTACT

Ericsson Corporate Public & Media Relations
Phone: +46 10 719 69 92
E-mail: media.relations(at)ericsson.com
Ericsson Investor Relations
Phone: +46 10 719 00 00
E-mail: investor.relations(at)ericsson.com


Photo of Tomas Qvist 1:
http://hugin.info/1061/R/1655718/535097.jpg

Ericsson reduces operations in Sweden:
http://hugin.info/1061/R/1655718/535096.pdf

Photo of Tomas Qvist 2:
http://hugin.info/1061/R/1655718/535098.jpg



This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Ericsson via Thomson Reuters ONE
[HUG#1655718]




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Bereitgestellt von Benutzer: hugin
Datum: 07.11.2012 - 10:00 Uhr
Sprache: Deutsch
News-ID 200366
Anzahl Zeichen: 5308

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