Ericsson, the communications equipment manufacturer, has been forced to cut 5,000 jobs in the continuing financial crisis. Six per cent of its workforce will be laid off in the coming months. Despite posting strong financial results in many sectors, the company's net profit has dipped by 3.9 billion kroner (£338m). The company also reported a "dramatic drop" in the money received from Sony Ericsson, which 'helped' things out with a loss of £174 million in the fourth quarter of last year. The job cuts were justified by the need to increase cost savings throughout the company, due in part to the global financial crisis and increasing competition in the technical development sector. However, Ericsson, like so many others at the moment, has predicted that it will save around £900m annually by the middle of next year, so things may not be as gloomy as they currently seem. "Sales grew by 11 per cent with good demand for our entire portfolio and across the world. Changes in currency rates had very small effect on full year growth. Professional services have continued to show strong growth," said Carl-Henric Svanberg, President and CEO of Ericsson. "Operating margins, excluding Sony Ericsson, have steadily improved, and our financial position is strong with net cash of 35 billion kroner. Sony Ericsson is affected by the economic downturn and the declining demand in the consumer market and has taken necessary actions." ( www.techradar.com )
Ericsson Slashes 5,000 Jobs - Blames Partnership With Sony
by Firzy | 7:39 AM in Internet News, News, Phones |
0 comments:
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
Download free music movies games at http://www. Topfreemusicdownloadsite. Com West Michigan Window Tinting
At muskegon window tinting we specialize in protecting your home, business, or auto. We can help you reduce your energy costs, as well as fading and glare, add privacy to any home Link Market - Free Link Exchange, Link Swap and Link Trade Directory
Have you ever tried to exchange links, swap links, or trade links? Was it hard? Use link market instead; - it is easy to use, free and very smart. It will save you hours of work.
Privacy Policy
Privacy Policy for http://newsntechpalace.blogspot.com/
If you require any more information or have any questions about our privacy policy, please feel free to contact us by email at firzy@plasa.com.
At http://newsntechpalace.blogspot.com/, the privacy of our visitors is of extreme importance to us. This privacy policy document outlines the types of personal information is received and collected by http://newsntechpalace.blogspot.com/ and how it is used.
Log Files
Like many other Web sites, http://newsntechpalace.blogspot.com/ makes use of log files. The information inside the log files includes internet protocol ( IP ) addresses, type of browser, Internet Service Provider ( ISP ), date/time stamp, referring/exit pages, and number of clicks to analyze trends, administer the site, track user’s movement around the site, and gather demographic information. IP addresses, and other such information are not linked to any information that is personally identifiable.
Cookies and Web Beacons
http://newsntechpalace.blogspot.com/ does use cookies to store information about visitors preferences, record user-specific information on which pages the user access or visit, customize Web page content based on visitors browser type or other information that the visitor sends via their browser.
Some of our advertising partners may use cookies and web beacons on our site. Our advertising partners include Google Adsense, .
These third-party ad servers or ad networks use technology to the advertisements and links that appear on http://newsntechpalace.blogspot.com/ send directly to your browsers. They automatically receive your IP address when this occurs. Other technologies ( such as cookies, JavaScript, or Web Beacons ) may also be used by the third-party ad networks to measure the effectiveness of their advertisements and / or to personalize the advertising content that you see.
http://newsntechpalace.blogspot.com/ has no access to or control over these cookies that are used by third-party advertisers.
You should consult the respective privacy policies of these third-party ad servers for more detailed information on their practices as well as for instructions about how to opt-out of certain practices. http://newsntechpalace.blogspot.com/'s privacy policy does not apply to, and we cannot control the activities of, such other advertisers or web sites.
If you wish to disable cookies, you may do so through your individual browser options. More detailed information about cookie management with specific web browsers can be found at the browsers' respective websites.
Post a Comment