BERLIN — Ericsson, the world’s biggest maker of mobile phone networking equipment, said on Monday that it planned to cut 1,500 jobs this year, after eliminating 5,000 last year, as its profit plunged 82 percent in the fourth quarter.
The company, based in Stockholm, said sales fell 13 percent in the three months through December to 58.3 billion kroner or $8.1 billion from 67 billion kroner in the period a year earlier.
With sales declining, Ericsson plans more jobs cuts
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