ST-Ericsson may cut 600 jobs globally to further reduce costs, sa...
ST-Ericsson may cut 600 jobs globally to further reduce costs, said the joint venture between Ericsson and chip maker STMicroelectronics. The cost-cutting plan is intended to save $115 million annually. The savings will come from cuts in operating expenses…
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and spending, along with an “extensive” research and development efficiency program, the company said.