- The Wall Street Journal•3 months ago
Ericsson appointed Börje Ekholm as its new chief executive, as the struggling Swedish telecom-equipment provider looks to turn around its business amid waning demand and stiff global competition.
- Reuters•3 months ago
Ericsson is cutting about a fifth of its Swedish workforce and hundreds of consultants as demand for its network equipment shrinks and competition from China's Huawei and Finland's Nokia intensifies. The 3,900 job cuts remove most of Ericsson's remaining manufacturing presence at home, where it had 5 percent of global production, and come before it has found a new chief executive to replace Hans Vestberg, who was pushed out in late July as major investors revolted over the Swedish firm's performance. Failure to offset waning demand for telecom equipment has caused Ericsson shares to lose a quarter of their value this year and politicians and unions had scrambled in recent weeks to save jobs at the company, which was founded in 1876 as a maker of telegraph equipment and is one of Sweden's biggest employers with a global staff of 116,500.
INVE-B.ST : Summary for Investor AB ser. B - Yahoo Finance
Investor AB (INVE-B.ST)
Stockholm - Stockholm Delayed Price. Currency in SEK
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|Day's Range||337.50 - 341.50|
|52 Week Range||256.80 - 345.60|
|PE Ratio (TTM)||-9.85|
|Dividend & Yield||0.00 (0.00%)|
|1y Target Est||N/A|