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Article: Ericsson restructuring program continues; Outsourcing and changes in Ostersund, Katrineholm and France affect 1,500 employees.
- Article from:
- Business Wire
- Article date:
- November 2, 1999
CopyrightCOPYRIGHT 1999 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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STOCKHOLM, Sweden--(BUSINESS WIRE)--November 2, 1999--
(NASDAQ:ERICY) As part of Ericsson's previously announced restructuring program, the company has concluded a memorandum of understanding (MOU) to sell its production units in Ostersund, Sweden and Longuenesse, France to Solectron, an electronics manufacturer.
All employees in Ostersund and Longuenesse - 670 and 480 persons, respectively - will be offered employment by Solectron. In addition, AU-System, a consulting company, will take over the operations and personnel of Ericsson's design unit in Ostersund, which will affect slightly more than 70 employees. Parts of the logistic functions in Ostersund ...