Ericsson to lay off 5,000 workers
The telecoms infrastructure firm Ericsson is to lay off 5,000 workers, after its results for the fourth quarter of 2008 showed a 31 percent year-on-year drop in profits.
Mobile phone giant Sony Ericsson has said it will axe 2,000 jobs worldwide after crashing to losses of 358 million euros in the first three months of 2009.