Business Services Industry
New CEO of Ericsson to fight bureaucracy - report
Nordic Business Report, April 9, 2003
NORDIC BUSINESS REPORT-9 April 2003-New CEO of Ericsson to fight bureaucracy - report(C)1994-2003 M2 COMMUNICATIONS LTD http://www.m2.com
Carl-Henric Svanberg, the new CEO of the Swedish telecomms solutions provider Ericsson, has reportedly said that he intends to launch an assault on the group's internal bureaucracy.
Svanberg reportedly said that the changes would mean "less people in the same sales development".
According to the online edition of the Financial Times, some analysts believe that Ericsson might need to cut another 10,000 jobs, in addition to cuts of some 50,000 jobs in the last two years.
((Comments on this story may be sent to nbr.feedback@nordicbusinessreport.com))
COPYRIGHT 2003 M2 Communications Ltd.
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