Ericsson to Cut Up to 400 Jobs in Sweden

Monday, November 27, 2006


STOCKHOLM, Sweden — Wireless equipment maker LM Ericsson AB said Monday it will cut up to 400 administrative and sales jobs in Sweden, but many workers will be offered positions with staffing company Manpower Inc.

The company said it expects between 300 and 400 workers to accept a voluntary redundancy offer that includes either a severance package or a job with Manpower as a consultant, Ericsson spokeswoman Ase Lindskog said.

The offer will be presented to about 4,600 workers in sales, marketing and administration, most of them in the Stockholm area, Lindskog said. The restructuring program is expected to be completed by the end of January, 2007.

The deal with Manpower is unique in Sweden, Lindskog said, and will help meet the company's need for more communications and technology consultants.

Ericsson, the world's largest maker of mobile phone networks, employs more than 56,000 people globally, with over 20,000 workers in Sweden.

Manpower has 4,400 offices in 72 countries and territories and employs 30,00 people.

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