Ericsson axes 250 US jobs

Productivity gains

By Tim Richardson • Get more from this author

Posted in Financial News, 4th May 2005 09:31 GMT

Ericsson is to axe 250 jobs in the US, the Swedish telecoms equipment giant announced today.

The jobs are to disappear over the next six-nine months at its Mobile Systems CDMA (Code Division Multiple Access) unit. The division's HQ in San Diego, California will then close.

Ericsson is to "simplify its Mobile Systems CDMA unit [to] streamline its organization to maintain industry leading efficiency and productivity within its operations".

In February Ericsson announced the closure of a factory in Nynashamn, Sweden with the loss of 463 jobs. The factory makes base stations for mobile phone networks.

Ericsson has almost halved its workforce from a peak of over 100,000 in 2001.®