Ericsson to exit Russia, cut staff

Swedish telecom equipment maker Ericsson will finalize its Russia exit and cut staff this year, signaling further problems for Russian network coverage upkeep, the Kommersant business dailyreported Monday.

Ericsson’s headquarters in Stockholm had informed its Russian unit last week that it will shut down and employees will be fired by the end of 2022, Kommersant reported, citing unnamed telecom industry sources. 

Ericsson employs 565 people in Russia, according to corporate data.

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