Ericsson, STMicroelectronics to cut 1,600 jobs

STOCKHOLM (AP) — STOCKHOLM (AP) — Swedish wireless equipment maker Ericsson and Switzerland's STMicroelectronics say they will lay off up to 1,600 workers globally as part of a plan for splitting up their unprofitable joint venture.



via Tech News Headlines - Yahoo! News http://news.yahoo.com/ericsson-stmicroelectronics-cut-1-600-jobs-165437228--finance.html