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Ericsson sees higher FY restructuring costs

Thursday 8 December 2016 | 08:56 CET | News
Ericsson announced that its restructuring programme will cost more than expected this year as it speeds up the cost cutting in Sweden. In October the group announced plans to cut 3,000 jobs in Sweden and it has since largely competed the round of voluntary redundancies, with 1,600 people to leave the company by year-end. This means that the reductions in Sweden are progressing ahead of plan, resulting in an increase in estimated restructuring costs for 2016 to SEK 5.5-6.5 billion from the previously communicated estimate of SEK 4-5 bilion. The company added that it's on track to reach its

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Categories: Mobile & Wireless
Countries: World
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