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Ericsson cuts 1,200 jobs in Sweden's 'challenging' market

STOCKHOLM (AFP) – Swedish telecoms equipment giant Ericsson said yesterday it was cutting 1,200 staff in Sweden, or 8.6 per cent of its Swedish workforce, as it faces a “challenging” market for mobile networks. The company said it “expects a challenging mobile networks market in 2024, with further volume contraction as customers remain cautious.” “In […]
Stockholm Afp 8211 Swedish Telecoms Equipment Giant Ericsson Said Was Cutting 1 200 Staff Sweden R 8 6 Per Cent Its Swedish Workforce S Faces 8220 Challenging 8221 Market For Mobile Networks Company Said Expects 2024 Urther Volume Contraction As Customers Remain Cautious 8221 8220 In Hellip

Nokian lays off car tyre production in Nokia

Nokian Tyres is adjusting production at its Nokia passenger car tyre factory in Finland for “at least two weeks”.  However, based on recent negotiations the production employees can be laid off due to financial and production related reasons for a maximum period of 90 days. The lay-offs result from “ongoing political strikes affecting ports and transportation in Finland”, according to the company. Nokian reports that that wider environment has led to “Nokian Tyres’ inventories of ty...
Nokian Tyre Nokian Tyres

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