Swedish telecoms gear maker Ericsson will shut down one of its five research centres in China and plans to transfer 630 employees to a partner company, TietoEVRY, South China Morning Post reported citing two people aware of the matter. One of the sources informed the publication that employees at the eastern Nanjing-based centre have received a proposal to move to the partner company which is a Finnish software provider, having offices in China. TietoEVRY has agreed to match the payout of Ericsson employees affected by the move, while those who decline will receive a severance package, the report added. In a separate email statement to the Post, as seen by South China Morning Post, the telecoms gear maker confirmed it will divest its product R&D in Nanjing to TietoEVRY, effective November 1, 2021, and all affected employees will be employed with TietoEVRY. After the closure of Nanjing centre, Ericsson will be left with four major research centres in the country, located in Beijing, Shanghai, Guangzhou, and Chengdu. The five centres together provide employment to over 5,000 people and have an annual R&D spending of over $464 million, as per information available from Ericsson. Ericsson, which has been ceding its market… Read full this story
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