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Ericsson cuts 3,000 jobs in Sweden, plans to recruit 1,000 in R&D

Telecommunications vendor Ericsson confirmed on Tuesday the company intends to cut 3,000 jobs in Sweden. It also plans to recruit 1,000 in R&D. Ericsson intends to cut 3,000 jobs in Sweden, the company announced on Tuesday morning. The telecommunications vendors employs today approximately 16,000 people in its...