November 21, 2017 / 2:21 PM / a month ago

Ericsson cuts 51 jobs in Finland

HELSINKI (Reuters) - Mobile network equipment maker will cut 51 jobs in Finland as part of its cost-saving program, the Swedish company said on Tuesday.

Loss-making Ericsson said in July that it would step up cost cuts to reach an annual run rate reduction of at least 10 billion crowns ($1.2 billion) by mid-2018.

Ericsson currently employs around 800 people in Finland.

Reporting by Tuomas Forsell, editing by Jussi Rosendahl

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