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Ericsson moved its San Diego research and development operations to Montreal. The decision was purely a matter of economics, as Montreal is a cheaper place to do business. More than 500 jobs, many of them engineering positions, eliminated, cutting Ericsson's local work force by more than half. The layoffs are part of a companywide initiative aimed at reducing costs. Still, Ericsson plans to keep the division's strategic and business development operations in San Diego. The layoffs are a result of problems in the larger wireless market and Ericsson's inability to compete with Asian manufacturers...
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