Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Multinational communications technology provider Ericsson has recently given notice to 689 employees in Lund as a result of their decision to close down modem production. The decision will also affect Ericsson employees at other sites around the world. The decision is a result of the decreasing profits on modem products compared to more modern communication products.
Parallel to the closure of the modem production and development department Ericsson expands its research and development of radio networks, mainly in the so-called small cell. The company therefore has an immediate need to hire about 500 new employees in Lund. Redundant employees in the modem area are encouraged to apply these new positions.
Ericsson employs a total of 3,600 people in Lund. Globally the company employs over 115,000 people, with facilities on every continent. Ericsson, formerly ST-Ericsson, reduced their workforce in Lund by 500 employees last year.
Eurofound (2014), Ericsson, Internal restructuring in Sweden, factsheet number 77566, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/77566.
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