On Air Now

Listen

Listen Live Now » 95.5 FM Wausau, WI

Weather

Current Conditions(Wausau,WI 54403)

More Weather »
70° Feels Like: 70°
Wind: SW 10 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Today

AM Clouds/PM Sun 85°

Tonight

Isolated Thunderstorms 61°

Tomorrow

Thundershowers 69°

Alerts

Ericsson still sees restructuring costs of 4 billion SEK in 2012

STOCKHOLM (Reuters) - Telecoms gear maker Ericsson repeated on Wednesday it expected total restructuring charges of around 4 billion crowns ($597.21 million) in 2012 after it announced sweeping job cuts in Sweden.

A spokeswoman for the company declined to give financial detail of a new cost-saving package, but repeated the 4 billion crown figure for this year.

Ericsson earlier said it would cut 1,550 jobs in Sweden.

(Reporting by Simon Johnson, editing by Patrick Lannin)

Comments