Filed Under ( Business ) by ventola on Monday, February 8, 2010
Ericsson employees laid off in 1500 Due to 92 Percent Revenue declined.The recession was felt in various parts of the world. Even well-known producers though not separated from the impact of the recession that resulted in deterioration of income. Of course, many people in the world is now more thrifty and thought a few times to spend the money, so this became one factor levels decrease in sales.
The same fact is now perceived by the parties at Ericsson. The bad news was actually a very big impact to the 1500 employees who ultimately had to be laid off. The global wireless equipment manufacturer that had employed 80,000 employees worldwide.
Drop in sales large enough in the fourth quarter and the year 2009 which became the causes of the decline of Ericsson's decision was bitter. Even at the end of December 2009, the numbers are hung on the decline rate to 92 percent of 43.4 million USD (434 billion rupiah), when compared to the previous year. The level of annual sales actually fell 67 percent from the quarter last year.
Previously the 5000 Ericsson had laid off employees a year ago, plus 1500 more employees this year. Certainly a very large number, especially considering it from every employee, not counting the numbers of their family members who live with the job that this would create the world unemployment rate is higher. By reducing staff, Ericsson plans to save money about 2.2 billion USD (22 triliyun rupiah) per year.
Ericsson hopes that the new CEO, Hans Vestberg can help direct the company to recover later. Where previously he was the CFO position. Then replace the leadership of then CEO Carl-Henric Svanberg on January 1, 2010 then. In addition other factors decline experienced by Ericsson is the fierce competition that was eventually thrown into the abyss Ericsson decline now.Ericsson employees laid off in 1500 Due to 92 Percent Revenue declined