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Ericsson cut 900 jobs in Romania, 25% of workforce, in 2023

The two Romanian subsidiaries of the Swedish telecommunications giant Ericsson gave up a combined 892 employees in 2023, while one of the companies had a record profit, and the second went into losses, according to the accounting balance sheets submitted to the Ministry of Finance.   The business of Ericsson Telecommunications Romania decreased by 8%, to 885.7 million lei, while the profit rose by 4%, to 33.45 million lei, the highest so ...

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