COPENHAGEN, March 25 (Reuters) – Sweden’s Ericsson on Monday said it would lay off about 1,200 employees in Sweden as a way of cutting costs, citing a challenging mobile networks market and lower volumes this year.
After a few years of high demand for 5G equipment, buying by telecom providers has slowed, prompting firms such as Ericsson and Nokia to lay off thousands of employees to save costs.
Ericsson has begun negotiations with unions, it said in a statement.
The company had told Reuters in January it could look at further cost cuts this year including layoffs but without giving a specific number.
EU leaders have asked officials to prepare a blueprint for how the bloc's previously obscure mutual assistance clause would work, host Cyprus said at a summit on Friday, amid doubts ov...
Europe's "biggest, most important question" is whether the United States is ready to be a loyal NATO partner in case of a Russian attack, Polish Prime Minister Donald Tusk told the Fin...
Morning Briefing
€2.8bn rail project to reshape Malta’s transport network
Malta plans to build a 24-kilometre light rail line linking St Paul’s Bay to the airport as part of a wide...
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Parliament approves “living wills” law granting patients right to refuse future treatmentParliament has approved legislation introducing "living wills", giving citizens t...
The European Parliament is moving closer to finalising its position on the EU’s next long-term budget, setting the stage for a key institutional milestone in shaping the 2028–2034 Multia...
EU lawmakers have approved new rules aimed at strengthening how failing banks are managed, extending protections to a wider range of institutions and depositors across the bloc.
The p...
Porsche has agreed to sell its stakes in sportscar makers Bugatti and Rimac to a consortium led by a U.S. fund co-founded by a scion of Egypt's billionaire Sawiris family, one of the c...
Greece will no longer be the euro zone's most indebted country by the end of this year, with its public debt set to fall below Italy's, according to sources and data from Italy's new b...
“A company’s workplace culture praised by management, needs to be taken with caution. But when the recognition comes directly from employees, that carries greater weight,” says JONATHAN ...
EU lawmakers have approved new rules aimed at strengthening how failing banks are managed, extending protections to a wider range of institutions and depositors across the bloc.
The p...
Malta Public Transport announces that it will be operating two additional evening trips between Mġarr and Nadur in Gozo on Saturday 18 April 2026 to facilitate passenger travel following...
In line with its mission to drive a truly digital Malta, GO plc is making giga-speed internet the entry point for all business customers, with six months completely free for new Business...
Shipping traffic through the Strait of Hormuz remained at a virtual standstill on Monday with just three crossings in the space of 12 hours, according to shipping data.
The oil prod...
Rights groups, including Amnesty International, say Iran carries out more executions per capita than any other country, and more in total than any nation except China, where reliable fig...
Thousands of Cuban security personnel have begun leaving Caracas after nearly two decades in Venezuela, as Washington ramps up efforts to dismantle the long standing alliance between the...
María Corina Machado is a prominent figure in Venezuela’s opposition. She has reported that one of her closest associates, Juan Pablo Guanipa, was abducted. This occurred mere hours afte...
Russian forces have taken 1,700 square km (656 square miles) of territory in Ukraine this year and are advancing on its so-called fortress belt in Donbas, Moscow's top general said whil...
Russia unleashed its deadliest attack so far this year on the Ukrainian capital Kyiv and other cities overnight, killing 16 people, including a 12-year-old child, and wounding scores, i...
