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Ericsson starts major new company reorganisation

Tuesday 28 March 2017 | 09:21 CET | News
Ericsson has presented a new, more focused business strategy, saying it wants to simplify the organisation and name a new executive team. CEO Borje Ekholm said the announcement comes after a strategy review, which showed that the group strategy was just not yielding expected returns. The company now wants to move "with speed" it restore profitability as a priority, while revitalizing its technology and market leadership, with the focus going to the development of market-leading systems using 5G, IoT and the cloud. Ekholm expects the new strategy to yield "significant improvements" already in

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