Sweden - Layoffs feared at Ericsson - August 31, 2016

Thousands of jobs could be lost after Ericsson announced plans for a major austerity package to combat weak sales. In the pursuit of increasing profitability Ericsson will double its efficiency measures. That will mean thousands more layoffs across the group. In the second quarter alone, 3800 positions have already been cut. Trade unions have predicted four digit reductions in personnel in Sweden alone. They criticise the way the management has responded to poor sales and argue that excessive short-term cost cutting will work against the development of the kind of products that the company could profit from in the future.

English: http://www.thelocal.se/20160720/thousands-of-job-losses-feared … 

For more information, please contact the editor Jan Cremers, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the communications officer at the ETUI, Willy De Backer wdebacker@etui.org. For previous issues of the Collective bargaining newsletter please visit http://www.etui.org/E-Newsletters/Collective-bargaining-newsletter. Since June 2013 readers can consult our archive and search through all articles in our database at www.cbnarchive.euYou may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net.

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