Transfers group of employees to new owners, makes 400 other local staff redundant
“The transaction includes a transfer of approximately 40 Ericsson employees, and certain assets and contracts related to the business,” the company said in a statement.
The unit is purely involved in engaging and supporting Russian customers, and that “does not involve the export of hardware, software, or related services to mobile operators in Russia”.following the country’s attack of Ukraine. The move, it said at the time, would cost 900 million Swedish crown related to the impairment of assets and other exceptional costs. This did not include redundancies.
Business in the pariah state included helping build a private 5G-ready network for industrial customers with Mobile TeleSystems Public Joint Stock Company, which is Russia’s largest mobile comms provider. Ericsson also launched a 5G Innovation Hub in Moscow, and set up the Ericsson Academy, also in the capital, to provide local training.
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