Poor Ericsson results may lead to job losses

Following poor earnings figures and cost cutting measures, Ericsson (Nasdaq: ERICY) and Siebel Systems (Nasdaq: SEBL) have sparked speculation that they may cut jobs in their Irish operations.

Poor Ericsson results may lead to job losses
Mon, 22 Jul, 2002 - 11:58

Following poor earnings figures and cost cutting measures, Ericsson (Nasdaq: ERICY) and Siebel Systems (Nasdaq: SEBL) have sparked speculation that they may cut jobs in their Irish operations.

Ericsson announced a Q2 loss of SEK $2.7bn and announced that it would cut costs by SEK €10bn, leading to a loss of 5,000 jobs.

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CourtsHeathrowPlace: DublinPlace: AthlonePlace: IrelandPlace: GalwayOrganisation: EricssonOrganisation: NasdaqOrganisation: Siebel SystemsOrganisation: Siebel
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