I think they will get rid only of the contractors. Then they will close one office in Nepal another one in Vanuatu.
Yes, this I posted four months ago. Now see my next posting:
To:Mika Kukkanen who wrote (4664)
From: elmatador Friday, Apr 20, 2001 4:56 AM
Respond to of 4803
EFFICIENCY PROGRAM CLD AFFECT 10,000 EMPLOYEES
(News agency Direkt) -- Ericsson`s cost-savings and efficiency program could affect as many as 10,000 employees, more than half outside of Sweden, the company wrote in its interim report Friday. The company is streamlining global operations with the goal of saving more than 20 billion annually, beginning 2002. The restructuring provisions for the efficiency program and the extended Back to Profits program will be taken as a one-time change in Q2 2001 and are seen amounting to about 15 billion kronor. Ericsson added its is further streamlining its phone operations, bringing the number of employees to less than 5,000 by end 2001. The company has earlier said it would cut the number of employees from 16,800 to 7,000 by end of this year. "These new actions will deliver additional savings of three billion kronor over and above the 15 billion savings earmarked for the original back to profits program," the company said.
I think they will get rid only of the contractors. Then they will close one office in Nepal another one in Vanuatu. |
