On Air Now

Now Playing

Our Playlist »

Tune in to Listen

93.9 FM Hibbing, MN

Weather

Current Conditions(Hibbing,MN 55746)

More Weather »
22° Feels Like: 13°
Wind: NNE 7 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Today

Snow Showers 32°

Tonight

Few Snow Showers 20°

Tomorrow

Partly Cloudy 38°

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