Recently announced layoff:
Nortel: 4000
Lucent: 6000 or more
Ericy: 17000
Ericsson to Cut 17,000 Jobs
(AP) - LM Ericsson shares plunged 24 percent Monday after the wireless equipment maker unexpectedly announced it was shedding up to 17,000 more jobs, about 20 percent of its work force. The world's largest manufacturer of equipment for cell phone networks also reported a net loss of 2.97 billion kronor ($286 million) for the three months ended March 31, compared with a net profit of 424 million kronor for the same period last year. More...
Nortel: 4000
Lucent: 6000 or more
Ericy: 17000
Ericsson to Cut 17,000 Jobs
(AP) - LM Ericsson shares plunged 24 percent Monday after the wireless equipment maker unexpectedly announced it was shedding up to 17,000 more jobs, about 20 percent of its work force. The world's largest manufacturer of equipment for cell phone networks also reported a net loss of 2.97 billion kronor ($286 million) for the three months ended March 31, compared with a net profit of 424 million kronor for the same period last year. More...
