After reporting a 92 percent drop in fourth-quarter profits and falling short of analysts’ expectations, Ericsson (NSDQ: ERIC) said today that its restructuring efforts will include cutting 1,500 more jobs for a total of 6,500.
What’s more the company, which is the largest wireless equipment manufacturer, could not predict how 2010 will shake-out. Chief Executive Officer Hans Vestberg told Bloomberg in an interview: “It
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