STOCKHOLM Dec 8 Swedish telecom equipment maker
Ericsson said on Thursday sweeping staff cuts in its
Nordic home market were running ahead of plan, resulting in
higher restructuring costs this year than previously forecast.
The company said it expected restructuring costs this year
of 5.5-6.5 billion Swedish crowns ($606 million - $717 million),
higher than a previous estimate of 4 -5 billion. In 2017,
restructuring costs were in turn expected to decrease somewhat
though a precise estimate would only be announced in January.
In July, Ericsson said it would step up efficiency measures
due to a tough market, having already announced a 9 billion
Swedish crown ($1.1 billion) cost-cutting programme in 2014.
Ericsson announced in October it would cut 3,000 positions
in Sweden. The company said on Thursday that 1,600 employees had
volunteered to leave Ericsson in Sweden and that no further
forced staff reductions in Sweden are planned.
($1 = 9.0711 Swedish crowns)
(Reporting by Mia Shanley; editing by Niklas Pollard)