Ericsson cuts jobs
WIRELESS equipment maker LM Ericsson AB said yesterday it will cut up to 400 administrative and sales jobs in Sweden, but many workers will be offered positions with staffing company Manpower Inc.
Ericsson said it expects between 300 and 400 workers will accept a voluntary redundancy offer that includes either a severance package or a job with Manpower as a consultant. The offer will be presented to about 4,600 workers in sales, marketing and administration, most of them in the Stockholm area. The restructuring program is expected to be completed by the end of January.