
The mobile technology venture between Ericsson and STMicroelectronics, ST-Ericsson, said 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, which in 2012 had 5,000 employees.
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