Ericsson to cut 200 jobs in Spain

STOCKHOLM Mon Sep 15, 2008 9:06am EDT

A visitor takes a picture in front of Sony-Ericsson's stand at the 3GSM World Congress in Barcelona February 15, 2007. REUTERS/Albert Gea

A visitor takes a picture in front of Sony-Ericsson's stand at the 3GSM World Congress in Barcelona February 15, 2007.

Credit: Reuters/Albert Gea

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STOCKHOLM (Reuters) - Telecom equipment maker Ericsson (ERICb.ST) plans to cut 200 jobs in Spain under its previously announced cost savings program, a spokesman for the company said on Monday.

Ericsson, the world's biggest mobile network maker, announced in February it wanted to chop about 4 billion Swedish crowns ($588 million) per year from costs.

At the time, Ericsson Chief Executive Carl-Henric Svanberg said 1,000 jobs would go in Sweden and he estimated global job losses would be about 4,000.

The company has said it will take charges for the cuts at the time it makes them.

Ericsson spokesman Fredrik Hallstan said word of the Spanish cuts had appeared in an industry publication, but Ericsson had not yet officially announced them as discussions were being held with unions.

Hallstan said he could not say what kind of jobs were going yet, while the discussions with unions were under way.

"It's part of the big program," he said.

In March, Ericsson said it was cutting more than 500 jobs in Germany and Britain as part of the wider program.

(Reporting by Adam Cox; Editing by Paul Bolding)

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