Ericsson To Cut Around 3,000 Jobs In Sweden: Report

Stockholm: Telecoms equipment maker Ericsson plans to end manufacturing in Sweden with the loss of around 3,000 jobs, Swedish newspaper Svenska Dagbladet reported late Wednesday. The daily said it had obtained "confidential documents" outlining a three billion kronor  (313-million-euro, $350-million) cost-cutting programme. According to Svenska Dagbladet, 60 percent of the savings were to be made in Sweden, and the remainder abroad...