Swedish Ericsson Corporation dismiss five thousand people.

Swedish Ericsson Telecommunications Corporation intends to reduce the 5 thousand jobs to reduce costs. That was reported by Bloomberg. Most of the laid-off employees at Ericsson in Sweden itself.
In total the company employs almost 79 thousand people worldwide. At the same time in 2008, the company has already dismissed a 4 thousand people.
Ericsson will reduce the working of the contract employees, as well as transfer some operations to countries where such activities would cost it more cheaply. Ericsson also will reduce the amount of dividends that are intended to pay shareholders on the basis of 2008 fiscal year.
In 2008, the company Sony Ericsson, which is owned by Ericsson and Japanese electronics manufacturer Sony, announced the decision to cut 2000 jobs worldwide. Net loss companies in the last quarter of 2008 amounted to 245 million dollars.
The company Ericsson, the world's largest manufacturer of equipment for mobile communications, was founded in 1876. In 2001, the Office for the production of mobile phones Ericsson together with the same unit of Sony.