Ericsson workers walk outside the Ericsson factory in Boras , Sweden, October 4 , 2016. TT NEWS AGENCY/Bjorn Larsson Rosvall via REUTERSA/File Picture
STOCKHOLM: Struggling telecom equipment maker Ericsson said sweeping staff cuts in its Swedish home market were running ahead of schedule, resulting in higher restructuring costs this year.
The company said in October it was cutting about a fifth of its Swedish workforce and hundreds of consultants as it grappled with shrinking markets and competition from China's Huawei and Finland's Nokia.
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