Ericsson is facing further cost reductions and new large-scale layoffs, the company announced in the Interim Report for the second quarter.
- We have taken the initiative to distinguish Vestberg from his contract, Ericsson is responsible Chairman Leif Johansson on the issue of Vestberg has been fired.
According to the Board, it is about getting into new fresh blood to push Ericsson in the next phase of development.
The company's executive vice president and CFO Jan Frykhammar goes in as acting president, but has said he is not interested in taking over the role permanently, according to Leif Johansson.
- We're looking for someone either internally or externally.
I do not think it will become clear in the short term, I envisage that this will take several months, says Leif Johansson.