Jan 21

Ericsson slashes 5,000 jobs, blames Sony partnership

Posted in: ericsson, Sony Ericsson, SonyEricsson, Today's Chili

With profits tumbling 31%, Ericsson just announced its intent to shed 5,000 jobs across the globe (1,000 in Stockholm). The loss resulting from a “dramatic drop” in contributions from its Sony Ericsson joint venture. The 5k figure represents about 6% of Ericsson’s 79,000 employees.

Ericsson slashes 5,000 jobs, blames Sony partnership originally appeared on Engadget on Wed, 21 Jan 2009 03:59:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments

No Responses to “Ericsson slashes 5,000 jobs, blames Sony partnership”

Post a Comment