Ericsson to cut hundreds of employees, contractors

Permanent and contractor cutbacks to come over the next six months, but aren’t a result of economic slump, company says

Ericsson Australia and New Zealand will cull approximately 300 employees and contractors across the entire business over the next six months, it announced this week.

The company said the cutbacks are aimed at "improving efficiency and competitiveness" and form the local implementation of a global cost adjustment program involving a range of business and operational processes announced in February this year.

Some 200-odd Ericsson contractors will also get the chop over the same timeframe, in line with the completion of various project commitments.

Ericsson’s spokesperson told ARN the cutbacks weren’t a result of the recent economic slump, and will affect staff at all levels including members of the executive management team. The company said it is projecting a strong year in Australian telecommunications for 2009 despite both Gartner and IDC warning that mobile phone sales and shipments will slow next year.

All employees that are made redundant will receive full entitlements with “above market” terms promised, as well as outplacement, financial planning and counselling support.

Ericsson employs around 1660 permanent employees and about 405 people provided through contracting firms locally.

Worldwide, Ericsson employs 77,350 people, and announced third quarter financial results in October with an operating profit of 5.7 billion Swedish Krona ($US772.5 million) and sales growth of 13 per cent.

Recently, Ericsson made local news with its demonstration of wireless broadband technology that can transmit data at 160Mbps.

The company also has a research project in Sweden, dubbed Tower Tube, that was recently equipped with built-in support for wind power in a bid to help operators go green and expand mobile networks to places where electricity isn’t available.

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags GartnerIDCEricsson

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.
Show Comments

Brand Post

PC World Evaluation Team Review - MSI GT75 TITAN

"I need power and lots of it. As a Front End Web developer anything less just won’t cut it which is why the MSI GT75 is an outstanding laptop for me. It’s a sleek and futuristic looking, high quality, beast that has a touch of sci-fi flare about it."

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Luke Hill

MSI GT75 TITAN

I need power and lots of it. As a Front End Web developer anything less just won’t cut it which is why the MSI GT75 is an outstanding laptop for me. It’s a sleek and futuristic looking, high quality, beast that has a touch of sci-fi flare about it.

Emily Tyson

MSI GE63 Raider

If you’re looking to invest in your next work horse laptop for work or home use, you can’t go wrong with the MSI GE63.

Laura Johnston

MSI GS65 Stealth Thin

If you can afford the price tag, it is well worth the money. It out performs any other laptop I have tried for gaming, and the transportable design and incredible display also make it ideal for work.

Andrew Teoh

Brother MFC-L9570CDW Multifunction Printer

Touch screen visibility and operation was great and easy to navigate. Each menu and sub-menu was in an understandable order and category

Louise Coady

Brother MFC-L9570CDW Multifunction Printer

The printer was convenient, produced clear and vibrant images and was very easy to use

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Featured Content

Product Launch Showcase

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?