Swedish telecom network giant Ericsson plans to shut down all its remaining production plants in Sweden, Svenska Dagbladet (SvD) reports in a front-page exclusive Thursday. The Stockholm daily cites internal documents, which would confirm the end to the Swedish company's more than 140-year-old tradition to keep at least part of its production at home, a sign of the deepening troubles for Ericsson in the face of steep high-tech competition from Silicon Valley to South Korea.

According to the daily, Ericsson plans to close its network product plants in Borås and Kumla, which would result in nearly 3,000 jobs being slashed.

SvD calls the move "historic", saying the closures are due to the company's need to save up to 3 billion kronor ($350 million) in costs. In the internal report viewed by SvD, Ericsson says: "We are ending a more than 140-year-old production era, corresponding to the largest Ericsson staff cuts in Sweden ever."

Citing anonymous sources, the newspaper writes that the plan has already been presented to management and acting CEO Jan Frykhammar. A decision on the cost-cutting measures is expected shortly.

Once one of the global leaders within the telecom industry, Ericsson has struggled amid increasingly steep competition. In 2011, it sold off its 50% stake in Sony Ericsson, effectively ending its mobile phone production to entirely focus on its telecom infrastructure business. The company currently has a total of some 15,000 staff in Sweden.

You've reached your monthly limit of free articles.
To read the full article, please subscribe.
Get unlimited access. Support Worldcrunch's unique mission:
  • Exclusive coverage from the world's top sources, in English for the first time.
  • Stories from the best international journalists.
  • Insights from the widest range of perspectives, languages and countries
Already a subscriber? Log in
Support Worldcrunch
We are grateful for reader support to continue our unique mission of delivering in English the best international journalism, regardless of language or geography. Click here to contribute whatever you can. Merci!
Society

Teachers v. Parents: The End Of Tunisia's "Golden Age" Of Education

Violence against teachers, poorly received educational reforms, conflicts with parents: In Tunisia, the entire education sector is in crisis.

In a Koranic school in Kasserine

Frida Dahmani

TUNIS — In Sousse, a city in eastern Tunisia, students tried to burn down their school with Molotov cocktails. In Mahdia, a coastal city, an English teacher was dragged before the courts after having given an F to a student. In Ezzahra, in the southern suburbs of Tunis, a student stabbed his history and geography teacher after not being allowed to retake an exam for which he had been absent without an excuse. Another student exhibited female underwear in class to make his classmates laugh.

Keep reading... Show less
Support Worldcrunch
We are grateful for reader support to continue our unique mission of delivering in English the best international journalism, regardless of language or geography. Click here to contribute whatever you can. Merci!
You've reached your monthly limit of free articles.
To read the full article, please subscribe.
Get unlimited access. Support Worldcrunch's unique mission:
  • Exclusive coverage from the world's top sources, in English for the first time.
  • Stories from the best international journalists.
  • Insights from the widest range of perspectives, languages and countries
Already a subscriber? Log in
THE LATEST
FOCUS
TRENDING TOPICS
MOST READ