October 25, 2016 11:00 AM ET

Communications Equipment

Company Overview of Ericsson AB

Company Overview

Ericsson AB manufactures and markets radio and television communication equipment. Ericsson AB was formerly known as Ericsson Radio Systems AB. The company is based in Kista, Sweden. Ericsson AB operates as a subsidiary of Telefonaktiebolaget LM Ericsson (publ).

Torshamnsgatan 21

Kista,  164 83



46 1 07 19 00 00


46 87 52 80 56

Key Executives for Ericsson AB

Ericsson AB does not have any Key Executives recorded.

Ericsson AB Key Developments

Ericsson Reports Earnings Results for the Third Quarter of 2016

Ericsson reported earnings results for the third quarter of 2016. For the quarter, the company reported loss for the company of SEK 233 million. The loss compared with a net profit of SEK 3.08 billion during the same three-month period last year. Revenue dropped 14% to SEK 51.1 billion from SEK 59.2 billion amid fierce Asian competition and a slowing telecom equipment market.

Ericsson Plans to Shed 3,000 Jobs in its Domestic Operations

Ericsson said it planned to shed 3,000 jobs in its domestic operations, representing about one fifth of its 16,000-strong workforce in Sweden.

Ericsson to Lay Off 3,000 Jobs in Sweden

Ericsson that it will cut 3,000 jobs in Sweden, including in production, research and development. The company currently employs around 16,000 people in Sweden and a total of 116,000 worldwide. The 3,000 job cuts will affect around 1,000 positions in production, 800 in research and development (R&D), and some 1,200 in other operations.

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