Jobs cuts at Ericsson
Print storyBut credit rating improves...
Posted in Financial News, 22nd February 2005 15:56 GMT
Understand how application security is evolving
Mobile equipment manufacturer Ericsson is closing a factory in Nynashamn, Sweden with the loss of 463 jobs. The factory makes base stations for mobile phone networks.
Not everyone will lose out - 70 jobs are transferring to other centres once the factory closes.
Ericsson has almost halved its workforce from a peak of over 100,000 in 2001.
In other news credit rating agency Fitch Ratings said it was improving Ericsson's corporate credit rating to BBB - which makes it "investment grade". Other agencies Moody's and Standard and Poor's rate the manufacturer at just below investment grade. The change should make it easier, and cheaper, for Ericsson to borrow money.®
Related stories
Microsoft punts telco platform
Sony Ericsson preps Walkman phone
Mobile phones shipments up 38% in Q4
The future of SaaS and IT infrastructure management
Can Outsiders Enhance Exchange?
The Total Economic Impact of Dell's PC products and services
The best practices guide for application security
Reducing messaging and web security costs with managed services
Win a Samsung C6625!
Is your cameraphone an oxymoron?
Reg Mobile and Wireless newsletter is go! go! go!
Sign up, sign up for The Register IT security newsletter