http://www.zdnetasia.com/news/communications/0,39044192,62050261,00.htm
Summary:
Wireless equipment maker Ericsson will cut 5,000 jobs after verifying a 31 percent drop in fourth-quarter net profit year over year. The Swedish company reported profit plummeted due to a dramatic drop in sales in its handset unit, Sony Ericsson, and restructuring charges. Overall, net profit fell to US$465 million from US$672 million in the same quarter a year ago. The 5,000 job cuts represent about 6 percent of the company's 79,000 employees. On the other hand, the weak kronor helped Ericsson's core equipment business in crease 23 percent to US$8 billion from the same quarter a year ago.
Connection:
As what we learned in chapter four,
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