Ericsson to reshuffle operations, two execs to depart

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Reuters UK

By Supantha Mukherjee STOCKHOLM (Reuters) -Ericsson on Wednesday laid out plans to restructure its operations to focus on business customers and mobile infrastructure, announcing two senior executives will leave the company. Chief Executive Borje Ekholm said the move was aimed at boosting performance rather than cutting costs, and said it was too early to say whether there would be job losses. Ericsson, which competes with Nokia and Huawei for telecom equipment sales, had a rough start to the year that eroded its share price and fuelled an outcry from shareholders. The company in February disc…

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