Ericsson cuts 200 jobs in Spain, more to go

Ericsson plans to cut 200 jobs in Spain under its previously announced cost savings program, a Reuters report said.

Ericsson, the world's biggest mobile network maker, announced in February it wanted to chop about 4 billion Swedish crowns €413.6 million (US$588 million) per year from costs, the Reuters report said.

At the time, Ericsson CEO 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.

The Reuters report further quoted Ericsson spokesman Fredrik Hallstan saying 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.