Ericsson to cut 5,000 jobs

Wireless equipment maker LM Ericsson said today it was cutting 5,000 jobs to cut costs.

Wed, 21 Jan, 2009 - 07:52

Wireless equipment maker LM Ericsson said today it was cutting 5,000 jobs to cut costs.

The announcement came as the Swedish company posted a 31% drop in fourth-quarter profits,

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