Feeds

Jobs cuts at Ericsson

But credit rating improves...

  • alert
  • submit to reddit

High performance access to file storage

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

High performance access to file storage

More from The Register

next story
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
It may be ILLEGAL to run Heartbleed health checks – IT lawyer
Do the right thing, earn up to 10 years in clink
France bans managers from contacting workers outside business hours
«Email? Mais non ... il est plus tard que six heures du soir!»
prev story

Whitepapers

Mainstay ROI - Does application security pay?
In this whitepaper learn how you and your enterprise might benefit from better software security.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.