Ericsson planning thousands of layoffs
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Wireless equipment maker LM Ericsson AB reported a sharp drop in fourth-quarter net profits and said Friday it would lay off around 1,000 employees in Sweden because of costs cuts.
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By Rozana Sani  SWEDISH telecommunications equipment provider Ericsson is all set to tap into the opportunities arising from the increasing level of telecom services activity in all regions of the world.
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Cingular Wireless, the nation&#39;s largest cellphone company, will cut about 10 percent of its 68,000 jobs over the next 12 to 18 months as it combines operations with the recently
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Beleaguered Swedish telecom infrastructure group Ericsson, hit hard by a slowdown in the telecom sector, announced on Friday a 17-percent fall in 2007 net profit and the shedding of 1,000 jobs in Sweden.
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AT&T Corp. will cut more than 20 percent of its workforce this year, ratcheting up its planned layoffs from a previously estimated target of 8 percent, the long-distance telecommunications carrier announced Thursday.
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The blood-letting continued yesterday at AT&amp;T as the once-mighty phone company announced it has increased the number of layoffs to 20 percent of its workforce, or 12,300
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ERICSSON Australia Pty Ltd was chosen to supply and service Telstra Corp Ltds 3G mobile capacity for the next five years. The agreement involved contracts worth more than $100 million to develop the Telstra
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Nokia Corp., the world's biggest mobile phone maker, said Tuesday it plans to lay off "a few hundred" research and development workers globally including up to 250 in Finland in a move to cut R&D costs.
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SBC Communications expects to cut 10,000 or more jobs by the end of next year through layoffs and attrition. That&#39;s about six percent of the San Antonio-based company&#39;s work force.
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(InfoWorld) - Telefonaktiebolaget LM Ericsson will restructure and hire 500 more engineers to better meet demand for multimedia products and services, Ericsson's chief executive officer said Friday. Starting in 2007, Ericsson will reorganize into three units: networks, global services, and multimedia. The new engineers will primarily work in the multimedia group, and the bulk of them will be based in Sweden. The new group will help Ericsson better understand what types of multimedia services might become popular and how demands might vary, said Carl-Henric Svanberg, president and chief executive officer. "We and operators are still on a learning curve. When it comes to voice it's very easy," he said. "But with multimedia, what does a 13-year-old in Germany want and does an American 13-year-old feel the same? And that's much different than an adult in China." The new group will also aim to better leverage the company's relationship with Sony and with theirÂ mobile phone joint ventureÂ Sony Ericsson Mobile Communications. "When it comes to multimedia, we have exciting assets in Sony Ericsson and at Sony. We just haven't put it together and it's been embedded further down in the organization," he said. Svanberg offered an example of how Sony and Ericsson products might grow increasingly complementary. Currently, users of Sony Ericsson Cyber-shot camera-phones can send photographs to an online blog. Soon, standalone Cyber-shot cameras are also likely to include connectivity so that users can send photos to a blog, he said. Because Ericsson supplies wireless network infrastructure and develops some chips for mobile devices, that type of product and application could be created through an alliance between Sony and Ericsson. The new networks group, which combines several existing network equipment groups, will have a renewed focus on converged networks that will help support some of the emerging multimedia services in the home. "In the perfect world we will have a converged network where you won't know if you're speaking on a mobile or a fixed network," Svanberg said. Similarly, a user could be watching TV at home, pick up a mobile phone to watch the same program while moving around the house and then continue watching while moving to an outside location. Such a service would operate over connected wireless and wireline networks. The third new business unit, global services, combines Ericsson's existing professional services and network rollout groups and will focus on services for operator customers. Ericsson acquiredÂ most of U.K. telecommunications equipment vendor Marconi late last year and is in the process of laying off 1,600 people as it digests the new company. That acquisition is part of a recent wave of consolidation in the competitive network equipment market, including theÂ merger of Lucent Technologies and AlcatelÂ and theÂ combination of Nokia's and Siemens' networks groups.
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T-Mobile, Germany's leading mobile phone operator, said it was planning to axe up to 2,200 jobs as part of a  one-billion-euro (1.3-billion-dollar) cost-cutting drive to boost profitability in face of current difficult market conditions.
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Wireless carrier Sprint Nextel Corp  plans to lay off several thousand employees to prove to investors it is serious about keeping down costs, the Wall Street Journal reported on Monday.
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TELSTRA has chosen Ericsson Australia to supply and service its 3G mobile capacity for the next five years. The agreement, signed late Christmas Eve, involved contracts worth more than $100 million to upgrade
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Sprint Nextel is laying off about 4000 employees and closing retail outlets after losing more than 100,000 customers in the last quarter.
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Insiders says the company will file for Chapter 7 protection after laying off hundreds.
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The Nokia Corporation said it would lay off up to 700 people globally, mostly in its enterprise business operation, to increase efficiency and improve competitiveness. The layoffs, expected within the next few months, include 340 workers in Finland. The cuts will affect research and development, related sales and marketing, as well as internal information technology operations, the company said. Nokia said it would try to transfer some workers to different posts.
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BOSTON A published report reveals that Bank of America plans to lay off hundreds of tellers and other branch employees at Fleet banks today.