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BRIEF-Ericsson says to reduce workforce by 3,000 in Sweden
October 4, 2016 / 7:21 AM / a year ago

BRIEF-Ericsson says to reduce workforce by 3,000 in Sweden

Oct 4 (Reuters) - Ericsson :

* Announces changes in operations in Sweden

* Says intends to reduce 3,000 positions in production, research and development and sales and administration

* Says intends to recruit about 1,000 research and development positions in Sweden over the coming three years,

* Ericsson says will also make general cost reductions and take out external costs, primarily by reducing the number of consultants in sweden by 900,

* Ericsson says the cost and efficiency program targeting savings of SEK 9 billion during 2017, is progressing according to plan

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