On Air Now

Listen

Listen Live Now » 101.1 FM Green Bay, WI

Weather

Current Conditions(Green Bay,WI 54303)

More Weather »
75° Feels Like: 75°
Wind: ESE 5 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Today

Scattered Thunderstorms 79°

Tonight

Partly Cloudy 56°

Tomorrow

Mostly Sunny 80°

Alerts

Ericsson still sees restructuring costs of 4 billion SEK in 2012

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)

Comments