Tuesday, July 26, 2016

High price for Vestberg – Västerbotten Courier

In connection with the interim report the company presented last week a doubling savings package which means further cost reductions, from 9 billion to about SEK 18 billion, and new large-scale layoffs.

Sleep package involves 3000-4000 employees Ericsson may be laid off this summer.

Hans Vestberg, sacked by the Board, has been linked to the company for 28 years. He was CEO of the company the last seven years.

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