Friday, February 1, 2008
Sweden's Ericsson Slashes 1,000 Jobs After Profit Fall
Swedish telecom giant Ericsson is to cut 1,000 jobs in Sweden alone following a substantial fall in profits. The company's profits four the fourth quarter of 2007 were 7.6 billion kronor after financial items. This compares to 12.2 billion kronor in the same period in 2006.
Posted by Bad News at 12:22 AM