By Mark Graham, 8 August 2001 10:30
NEWS Mobile handset manufacturer Flextronics is axing 1,500 jobs in Sweden because of a slump in global demand for handsets. The Singapore-based company is cutting the staff from the 5,600 that work at its four Swedish plants. It is also shutting down its factory in Katrineholm, a town 125 miles south of Stockholm. In a statement the company said the job losses were due to a reduction in orders and the costs associated with moving production to countries with lower costs. Flextronics earlier this year secured an outsourcing agreement from Ericsson and Alcatel for the production of mobile phones. In January, Ericsson announced that 4,200 of its employees would join Flextronics as part of the deal. Flextronics refused to confirm this morning whether the former Ericsson employees would be among the redundancies.
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