Ericsson to cut,400 jobs Telecoms gear maker Ericsson plans to cut about,400 jobs in Sweden as part of a broader plan to reduce costs encyclopedic ally, it said on Monday.

The company had before blazoned plans to cut costs by 9 billion crowns($ 880 million) by the end of 2023 as demand slows in some requests, including North America.

farther job cuts, numbering several thousands in other countries, are likely to be blazoned in the coming days, said two sources close to the matter.

Ericsson last made deep cuts in 2017 when it laid off thousands of workers and concentrated on exploration to pull the company out of losses.

The company was negotiating with its hand union in Sweden for months on how to handle cost cuts.

Agreement has now been reached with Swedish unions on how to manage headcount reductions, a prophet said, adding that the company intends to make the cuts through a voluntary programmer.