Author Topic: Ericsson to lay off 5,000 workers  (Read 432 times)

Offline Josetann

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Ericsson to lay off 5,000 workers
« on: January 21, 2009, 08:28:28 AM »
The layoffs follow the mobile-network infrastructure firm's latest quarterly results, which show a steep decline in profits, partly due to a 'dramatic drop' in Sony Ericsson's contribution.  The telecoms infrastructure firm Ericsson is to lay off 5,000 workers, after its results for the fourth quarter of 2008 showed a...

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