Ericsson cuts 51 jobs in Finland

Helsinki: Mobile network equipment maker will cut 51 jobs in Finland as part of its cost-saving programme, 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.