STOCKHOLM (Reuters) - Telecoms gear maker Ericsson repeated on Wednesday it expected total restructuring charges of around 4 billion crowns ($597.21 million) in 2012 after it announced sweeping job cuts in Sweden.
A spokeswoman for the company declined to give financial detail of a new cost-saving package, but repeated the 4 billion crown figure for this year.
Ericsson earlier said it would cut 1,550 jobs in Sweden.
(Reporting by Simon Johnson, editing by Patrick Lannin)
Afghan Woman Who Was Beaten To Death By Mob For Allegedly Desecrating The Koran Was Innocent | Matt Vespa
‘He’s Had His Run’: Group Wants to Replace Andrew Jackson with Influential Women on Twenty Dollar Bill | Cortney O'Brien
Headache: Three Shiite Militias Withdraw From The Fight In Iraq, ISIS Continues To Skim Millions From Iraqi Government Workers | Matt Vespa