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Telecom giant to sack 3,900 workers

However, it said it would recruit about 1,000 research and development positions in Sweden over the coming three years.

Ericsson to slash 3,900 jobs

Ericsson said, in a statement, the slash was due to a tough global market.

It said its cost and efficiency programme was progressing according to plan.

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The announcement confirms reports about job cuts at Ericsson, which said in July it would step up efficiency measures due to a tough market.

Ericsson announced a nine billion Swedish crown ($1.1 billion) cost-cutting programme in 2014.

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