Stockholm - The mobile technology venture between Ericsson and STMicroelectronics, ST-Ericsson, said on Monday it would axe 1 600 jobs after splitting the operation.
"ST-Ericsson will carry out restructuring of its current operations which could impact some 1 600 employees worldwide, out of which ... 500-700 are in Europe, including 400 to 600 positions in Sweden and 50 to 80 positions in Germany," said the company.
In 2012 the company had 5 000 employees.