The Swedish company presented profits of 1,711 million euros in 2022, 17% less than the previous year.
Swedish multinational telecommunications ericsson announced, this Monday, February 20, that it will cut around 1,400 jobs in Sweden, about 10% of its payroll in this country, as part of a cost-saving plan launched last fall. The measure will affect all units of the company, in addition to external consultants, and it is expected that most of the reductions will occur through voluntary departures through compensation for older workers, according to what was known at the end of the negotiations. with the unions.
The CEO of ericssonBörje Ekholm, had reported a few months ago that the company needed to save 9,000 million Swedish crowns (about 800 million euros) to compensate for the loss of profitability in recent years.
ericsson Last month it presented an annual net profit of 19,100 million crowns (1,711 million euros) in 2022, 17% less than the previous year.
The company has been affected among other factors, due to the slowdown in sales of 5G equipment in high-margin markets and several charges for 4,000 million crowns (358 million euros), as a provision for the payment of a possible fine in the United States for a corruption case in Iraq.
It is related to a potential ruling by the US Department of Justice on previously announced “alleged non-criminal violations” under a deferred prosecution agreement reached in 2019.
Source: Larepublica
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