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Ericsson plans SEK 9 bln in cost reductions by 2017

Thursday 13 November 2014 | 08:39 CET | News
Ericsson has unveiled plans for additional cost reductions at its Capital Markets Day. The company said it sees opportunities to reduce costs by around SEK 9 billion by 2017. This is expected to result in restructuring charges of SEK 3-4 billion over the next three years, in addition to the usual SEK 2 billion spent by Ericsson each year on restructuring. Ericsson said around half the savings will come in operating expenses and half in cost of sales. The efficiency measures will primarily relate to five areas: portfolio streamlining and ways of working in R&D; structural enhancements in

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Categories: Mobile & Wireless
Countries: World
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