Drastic action at ailing Ericsson
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Drastic action at ailing Ericsson |
| Now, 10,000 staff will lose their jobs in 2002, and the same number again next year, as the Swedish telecoms giant plans to achieve total cost savings of 40bn kronor by 2004. The BBC's John Moylan reports. |
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Ericsson spokesman Mads Madsen: "We believe market conditions will remain weak well into the next year" |
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