& cplSiteName &

Euronews: Ericsson Cuts Swedish Workforce

Paul Rainford
11/7/2012
50%
50%

Ericsson AB (Nasdaq: ERIC), Telefónica SA (NYSE: TEF) and Alcatel-Lucent (NYSE: ALU) are the big guns discharging in today's fusillade of EMEA headlines.

  • Ericsson is looking to reduce operations in Sweden and as part of this 1,550 jobs are to go at various sites in 2013. Bearing the brunt of the cuts is the Stockholm plant, where 1,000 workers will face redundancy. Ericsson currently employs nearly 18,000 in Sweden. (See Ericsson Sheds 1,550 Staff in Sweden, Ericsson Cuts 1,550 Jobs and Ericsson Talks Up Market Growth.)

  • A strong performance in Latin America has seen Telefónica's overall net profits in the third quarter increase by 26.4 percent year-on-year to €3.4 billion (US$4.3 billion). Indeed, for the first time the revenue generated by the Spanish giant's Latin American operations exceeded that from Europe. (See Telefónica Cuts Net Debt to €52.8B , Smartphones Drive Telefónica Europe Growth, Euronews: Telefónica to Flatline, Says S&P and Telefónica: A New Breed of Telco.)

  • Analysts are again predicting that Alcatel-Lucent is about to drop out of France's CAC 40 index of blue-chip companies, reports Reuters, with some saying that next month could see the vendor's exit from the list, in which it has been a fixture since the CAC 40 was created 25 years ago. (See Euronews: S&P Downgrades AlcaLu and Euronews: Moody's Has a Downer on AlcaLu.)

  • EE is to offer the iZettle chip card reader, which effectively turns selected smartphones into basic credit card terminals, in its stores from Thursday. At the moment the gizmo only works with iPhones, iPads and around a dozen upscale Android handsets, but it would seem to offer a possible solution to tradespeople who would like to be able to accept card payments on the move and avoid the "check's in the post" syndrome.

  • And while we're in EE-land, take a look at this photo of what happens when a joint-venture re-branding isn't really thought through... (See Euronews: 4G Arrives in UK and Euronews: EE 4G Plan Gets Thumbs-Up.)

    — Paul Rainford, Assistant Editor, Europe, Light Reading

    (3)  | 
    Comment  | 
    Print  | 
  • Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
    Michelle Donegan
    50%
    50%
    Michelle Donegan,
    User Rank: Light Beer
    12/5/2012 | 5:18:00 PM
    re: Euronews: Ericsson Cuts Swedish Workforce


    Must admit I prefer orange and magenta to the battleship grey of EE's new stores. I wonder how many high streets in U.K. will have two of these as EE rebrands their shops.

    FastCache
    50%
    50%
    FastCache,
    User Rank: Light Beer
    12/5/2012 | 5:17:56 PM
    re: Euronews: Ericsson Cuts Swedish Workforce


    Seriously, who cares about the colour of the shop front when they can deliver you a 4G service.

    Michelle Donegan
    50%
    50%
    Michelle Donegan,
    User Rank: Light Beer
    12/5/2012 | 5:17:55 PM
    re: Euronews: Ericsson Cuts Swedish Workforce


    Nah, the color doesn't matter. Let's talk about the name "EE" instead...


    Sounding like sour grapes here -- the 4G network doesn't cover where I am yet, according to EE's coverage tracker, so I haven't been able to try it.

    From The Founder
    Cisco's Conrad Clemson, recently promoted to head up the company's Service Provider Apps & Platforms developments, talks to Light Reading's Founder and CEO Steve Saunders about how he's bringing cloud video, mobile and virtualization together to empower network operators.
    Flash Poll
    Live Streaming Video
    Charting the CSP's Future
    Six different communications service providers join to debate their visions of the future CSP, following a landmark presentation from AT&T on its massive virtualization efforts and a look back on where the telecom industry has been and where it's going from two industry veterans.
    LRTV Documentaries
    YouTube Takes on Facebook Live-Streaming

    2|17|17   |     |   (0) comments


    Popular 'YouTubers' will be the first to get the new service on their smartphones. You have been warned.
    LRTV Custom TV
    Open Source NFV/SDN Automation

    2|17|17   |   05:54   |   (0) comments


    AT&T ECOMP (Enhanced Control, Orchestration, Management and Policy) code is transitioning into the Linux Foundation for placement into open source. In this video, Carol Wilson provides an update on the maturation of open source ECOMP and meets with industry leaders from AT&T, Bell Canada, Orange, Linux Foundation and Amdocs to discuss what this means for the ...
    LRTV Documentaries
    Uber & NASA Collaborate on Flying Car Project

    2|16|17   |     |   (0) comments


    Is Uber for real? Well, it's hired NASA engineer Mark Moore to lead the project, and he wouldn't come cheap.
    LRTV Documentaries
    Zuckerberg Tries Out the Oculus Rift VR Glove

    2|15|17   |     |   (0) comments


    Facebook CEO shows off a new way to interact with the Oculus Rift virtual reality headset: an Oculus glove.
    LRTV Custom TV
    Huawei Digital Transformation Forum 2017

    2|10|17   |     |   (0) comments


    Here's a preview of the upcoming Huawei Digital Transformation Forum taking place in Barcelona with trending telecom topics like cloud, IoT, 5G and much more!
    Telecom Innovators Video Showcase
    Dan Sahar of Qwilt on Open Edge Cloud Platform

    2|8|17   |   08:38   |   (0) comments


    Dan Sahar, Qwilt's co-founder, sits down with Steve Saunders of Light Reading for a conversation about Qwilt's Open Edge Cloud platform and the new role of service providers in application and content delivery.
    LRTV Documentaries
    ZeroStack's 'Self-Driving Cloud'

    2|7|17   |   01:09   |   (0) comments


    Its Z-Brain tech automates day-to-day management and long-term planning for hybrid clouds.
    Telecom Innovators Video Showcase
    Nominum's Craig Sprosts on DNS & Cybersecurity Trends

    2|7|17   |     |   (0) comments


    Nominum's Craig Sprosts talks about the fast-changing landscape of cybersecurity with Steve Saunders of Light Reading. Sprosts touches on the trend of the rise of ransomwares, rivals of IoT base attacks, and mobile network security. He also discusses the realization of the importance of IoT security after a recent cyber attack that paralyzed several major ...
    LRTV Documentaries
    China Moves Towards Mixed Ownership of Telcos

    2|1|17   |   01:10   |   (0) comments


    Chinese authorities are promoting new ownership models in order to raise capital.
    Shades of Ray
    What to Expect at MWC 2017

    1|31|17   |     |   (0) comments


    5G is set to dominate as the key buzz term at this year's Mobile World Congress but there are other pressing 4G matters to address.
    Telecom Innovators Video Showcase
    Versa: A Lot More Than SD-WAN

    1|31|17   |     |   (0) comments


    Kelly Ahuja, the new CEO of Versa Networks, speaks with Steve Saunders of Light Reading about how Versa offers much more than just SD-WAN, and its plan to grow market adoption in 2017.
    LRTV Documentaries
    Facebook Gets Physical With Its Security Strategy

    1|31|17   |   00:48   |   (0) comments


    Facebook has introduced new measures that will enable users to secure access to their accounts using a physical 'key' application.
    Upcoming Live Events
    March 21-22, 2017, The Curtis Hotel, Denver, CO
    March 22, 2017, The Curtis Hotel, Denver, CO
    March 22, 2017, The Curtis Hotel, Denver, CO
    May 15-17, 2017, Austin Convention Center, Austin, TX
    May 15, 2017, Austin Convention Center - Austin, TX
    June 6, 2017, The Joule Hotel, Dallas, TX
    All Upcoming Live Events
    Infographics
    With the mobile ecosystem becoming increasingly vulnerable to security threats, AdaptiveMobile has laid out some of the key considerations for the wireless community.
    Hot Topics
    T-Mobile CEO: M&A Coming but Not Quite Yet
    Dan Jones, Mobile Editor, 2/14/2017
    Is the Time Right for a Cisco/Ericsson Wedding?
    Ray Le Maistre, Editor-in-chief, 2/17/2017
    Nice to See at Least One CSP Taking My Advice
    Mitch Wagner, Editor, Enterprise Cloud, 2/17/2017
    Time to Invest in Virtual Reality?
    P. Tracy Currie, CEO and Co-Founder, Capto Consulting, 2/13/2017
    Charter Launches 5G Field Trials
    Mari Silbey, Senior Editor, Cable/Video, 2/16/2017
    Like Us on Facebook
    Twitter Feed
    BETWEEN THE CEOs - Executive Interviews
    Light Reading founder and CEO Steve Saunders chats with Sportlogiq CEO Craig Buntin about sports data analysis.
    Eyal Waldman, CEO of Mellanox Technologies, speaks to Steve Saunders, CEO of Light Reading, for an exclusive interview about the 100 GB cable challenge, cybersecurity and much more.
    Animals with Phones
    Live Digital Audio

    Playing it safe can only get you so far. Sometimes the biggest bets have the biggest payouts, and that is true in your career as well. For this radio show, Caroline Chan, general manager of the 5G Infrastructure Division of the Network Platform Group at Intel, will share her own personal story of how she successfully took big bets to build a successful career, as well as offer advice on how you can do the same. We’ll cover everything from how to overcome fear and manage risk, how to be prepared for where technology is going in the future and how to structure your career in a way to ensure you keep progressing. Chan, a seasoned telecom veteran and effective risk taker herself, will also leave plenty of time to answer all your questions live on the air.