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Ericsson cutbacks to worsen as BSS biz flops

Huawei may be under the most severe pressure, but that does not mean times are easy for Nokia and Ericsson. The former is set to cut over 1,300 jobs in Europe as it seeks to cut costs, while Ericsson has warned it will take $690 million charge in its fourth quarter 2018 results, blaming its troubled digital services unit and the failure of its new BSS (business support systems) strategy. Nokia warned last week that it would axe about 1,330 jobs in its bid to cut annual costs by another €700 million ($797 million) over the next two years. The jobs will split between Finland (350), Germany (520) and France (460). Nokia currently employs around 6,000 people in Finland and…

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