Ericsson Suspends Business in Russia, Puts Staff on Paid Leave

Sumber: Reuters | Editor: Anastasia Lilin Yuliantina

KONTAN.CO.ID - STOCKHOLM. Ericsson suspending its business in Russia indefinitely and has put employees on paid leave. Six weeks after the Swedish telecom equipment maker started a review of the impact of Western sanctions on its operations.

The company said on Monday, it would record a 900 million crown (US$ 95 million) provision in the first quarter for impairment of assets and other exceptional costs related to the move. Ericsson has about 600 employees in Russia, a spokesperson said.