Ericsson cuts 5,000 jobs
ERICSSON, the world's leading supplier of mobile phone network equipment, presented a strong balance sheet for the fourth quarter on Wednesday but said it will cut 5,000 jobs to counter the effects of global economic crisis.
Sony Ericsson is cutting about 2,000 out of 9,900 jobs globally, including closing offices in Research Triangle Park, San Diego, Miami, Kista, Sweden, and Chennai, India.