Light Reading

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.

    Flash Poll
    From The Founder
    Anshul Sadana answers questions from Steve Saunders, Light Reading's founder and CEO, about Arista's CloudVision, a global cloud network controller for workload orchestration and workflow automation delivering a turnkey solution for cloud networking.
    Live Streaming Video
    CLOUD / MANAGED SERVICES: Prepping Ethernet for the Cloud
    Moderator: Ray LeMaistre Panelists: Jeremy Bye, Leonard Sheahan
    LRTV Huawei Video Resource Center
    Huawei ONS Product Demo

    8|3|15   |   6:01   |   (0) comments


    Huawei shows at Open Networking Summit 2015 in Santa Clara how its SDN and NFV solutions embrace openness.
    LRTV Custom TV
    End-User or Enterprise Benefits to the New IP

    7|30|15   |   04:27   |   (1) comment


    Andrew Coward discusses what the New IP means to end users or enterprise customers. He explains compelling reasons, including how every customer can get their own network, from the transformation to the New IP.
    LRTV Custom TV
    Network Visibility & the New IP

    7|30|15   |   02:23   |   (0) comments


    Mukund Srigopal provides an explanation of what network visibility is and how it is essential as service providers transition to the New IP. In addition, the importance of the network packet broker is discussed.
    Between the CEOs
    Video Exclusive With Basil Alwan, Alcatel-Lucent

    7|24|15   |   26:44   |   (5) comments


    Basil Alwan, President of IP Routing & Transport at Alcatel-Lucent, discusses virtualization, cultural challenges, the capex crunch and more with Light Reading founder and CEO Steve Saunders.
    LRTV Custom TV
    VDF: Enable the Financial With Mobile Money

    7|20|15   |   06:53   |   (0) comments


    Ian Ravenscroft discusses how operators can expand to occupy the entire digital services value chain through service innovation.
    LRTV Custom TV
    Telefónica on OSS Transformation

    7|20|15   |   06:01   |   (0) comments


    Jose Gonzales discusses the details of Telefónica's operation transformation program.
    LRTV Custom TV
    Judi Achmadi on Huawei's Cloud Storage Solution

    7|20|15   |   03:33   |   (0) comments


    Judi discusses the key business goals of TelekomSigma's public cloud service and how Huawei's solution helps them address challenges.
    LRTV Custom TV
    KPN Enlightening Digital Business & IT Transformation

    7|20|15   |   06:19   |   (0) comments


    Rob de Beer discusses the changes that operators need to make with service innovation now coming from the Internet world.
    LRTV Custom TV
    Stratus Telco-Grade Cloud Solutions & NFV

    7|20|15   |   07:34   |   (0) comments


    Ali Kafel from Stratus Technologies addresses high-availability concerns within the telco industry with a solution that enables telcos to provide high-availability and stateful fault-tolerance using a software-based approach.
    LRTV Documentaries
    The Six Million Dollar Business Man

    7|20|15   |   01:52   |   (0) comments


    Steve Saunders, publisher. A man barely alive after an acquisition malfunction imploded the company he founded. Gentlemen, we can rebuild Light Reading. Better, faster, stronger.
    Between the CEOs
    CEO Chat With Anukool Lakhina, Guavus

    7|20|15   |   38:51   |   (1) comment


    Guavus CEO Anukool Lakhina talks to Light Reading founder and CEO Steve Saunders about the role of operational analytics in the communications services and networking sectors, particularly in relation to IoT.
    LRTV Custom TV
    IBM's Flash Storage With Intel QuickAssist

    7|20|15   |   03:18   |   (0) comments


    Intel's Bev Crair and IBM's Eric Herzog discuss how IBM's V9000 Flash Storage System has helped customers around the world. Featuring real-time compression powered by Intel QuickAssist Technology, the V9000 is a next-gen flash storage solution.
    Upcoming Live Events
    September 16-17, 2015, The Westin Galleria Dallas, Dallas, TX
    September 16, 2015, The Westin Galleria Dallas, Dallas, TX
    September 16, 2015, The Westin Galleria Dallas, Dallas, TX
    September 29-30, 2015, The Westin Grand Müchen, Munich, Germany
    October 14-15, 2015, New Orleans Ernest N. Morial Convention Center, New Orleans, LA
    November 5, 2015, Hilton Santa Clara, Santa Clara, CA
    November 17, 2015, Santa Clara, California
    December 1, 2015, The Westin Times Square, New York City
    All Upcoming Live Events
    Infographics
    To keep up with consumers' increasing digital lifestyles, an IT system and operating model overhaul is required using a modern BSS, IES and analytics.
    Hot Topics
    FCC Plan Could Stymie Rural Broadband
    Carol Wilson, Editor-at-large, 8/3/2015
    Eurobites: Nokia Seals HERE Sale
    Paul Rainford, Assistant Editor, Europe, 8/3/2015
    Verizon Small Cells Ready to Rock in Chicago
    Sarah Thomas, Editorial Operations Director, 7/31/2015
    Like Us on Facebook
    Twitter Feed
    September 22, 2015
    Media Begins With “Me”
    Webinar Archive
    BETWEEN THE CEOs - Executive Interviews
    I was pleasantly surprised when Ericsson recently agreed to let me interview its CEO, Hans Vestberg. Traditionally, mega-companies like Ericsson (or Cisco) have kept ...
    Basil Alwan, President of IP Routing & Transport at Alcatel-Lucent, discusses virtualization, cultural challenges, the capex crunch and more with Light Reading founder and CEO Steve Saunders.
    Cats with Phones
    Comes With Free Phone Stand Click Here
    Who says cats don't have any skills?