Reuters: Technology News: Ericsson still sees restructuring costs of 4 billion SEK in 2012

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Ericsson still sees restructuring costs of 4 billion SEK in 2012 Nov 7th 2012, 09:22 STOCKHOLM | Wed Nov 7, 2012 4:22am EST STOCKHOLM (Reuters) - Telecoms gear maker Ericsson repeated on Wednesday it expected total restructuring charges of around 4 billion crowns ($597.21 million) in 2012 after it announced sweeping job cuts in Sweden. A spokeswoman for the company declined to give financial detail of a new cost-saving package, but repeated the 4 billion crown figure for this year. Ericsson earlier said it would cut 1,550 jobs in Sweden.

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