Posted on 09/21/2016 11:20:46 PM PDT by Olog-hai
Swedish telecoms giant Ericsson is planning to end all of its manufacturing in the country, according to a report in newspaper Svenska Dagbladet (SvD).
Part of a savings plan detailed on an internal document which SvD gained access to, the decision would mean that 3,000 employees lose their jobs following the closure of Ericssons last manufacturing plants in Sweden, in Borås and Kumla.
In the document, Ericssons leadership are said to have stated that We will end a 140-year-old manufacturing period, which represents the biggest cuts of employees in Sweden ever. The company employs a total of around 15,000 people in Sweden.
(Excerpt) Read more at thelocal.se ...
Mexico or China?
I would have to guess that any manufacturing was moving to China, because they were laying off large numbers of employees in Central America.
Gee... I guess importing all that ‘cheap-labor’ from Syria didn’t work out so well after all?
No, It’s the fact they decided Chicago is a safer place than home because of all the muzzie migrants.
That’s saying something..
So my company uses Alcatel-Lucent and Ericsson, partly because they are perceived as more secure. The word in my company is the Huwaei and ZTE basically were trying to give away cellular hardware to our company, because they wanted into the US market so badly. Other than some very small regional companies, the Chinese cellular hardware makers have not entered the US market.
Ericsson leaving Sweden may be a long term issue for US cellular network security.
Any kin to the John Ericsson who designed the USS Monitor?
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