STOCKHOLM, Jan 15 (Reuters) – Ericsson plans to cut some 1,600 jobs in Sweden, the telecoms equipment group said on Thursday.
Ericsson has been steadily reducing headcount over the last three years to maintain profitability as it grappled with a decline in 5G spending and the impact of U.S. import tariffs.
The company said the proposed staff reduction was part of global initiatives to improve its cost position while maintaining investments critical to technology leadership.
Ericsson has submitted a notice to the Swedish Public Employment Service and initiated negotiations with relevant trade unions.
“Initiatives to increase operational efficiency will continue across the group but will not be announced separately,” it said in a statement.
In Sweden, where Ericsson is based, the company had already announced plans to lay off 1,400 employees in 2023 and 1,200 in 2024.
(Reporting by Anna Ringstrom in Stockholm and Gianluca Lo Nostro in Gdansk; editing by Terje Solsvik and Milla Nissi-Prussak)
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