Ericsson cuts 1400 jobs, more may follow

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The 1400 layoffs have been announced in the company's home country Sweden as of now. The job cuts amount to around 10 percent of Ericsson’s domestic employee base. Ericsson has reportedly been negotiating with its employee union in Sweden for months on how to handle cost cuts. Agreement has now been reached with Swedish unions on how to manage headcount reductions, a spokesperson said.

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