Swedish students keen to work for Google

Given a choice, Swedish students would most like to work for search engine giant Google, a new study has shown.

It is the second year in a row that Google has topped the list compiled by communications firm Universum. The firm’s annual “company barometer” is based on a survey of 15,000 college and university students.

Engineering students put Google at the top of the pile, with the company also performing well among business students.

For the sixth year running, Ikea was the employer of choice for business students, while Sony Ericsson passed out last year’s winner Ericsson when civil engineers expressed a preference.

H&M and SEB bank were the big movers on the business students’ list, with the fashion giant leaping from sixth to second place and SEB climbing from thirteenth to sixth.

Law students said they would like nothing more than to slip behind a desk at the foreign ministry.

Technology students took a liking this year to Saab (up from eleventh to fourth) and Vattenfall (up from twelfth to sixth).


Ericsson suspends all Russia operations indefinitely

Swedish network equipment maker Ericsson said Monday that it was suspending all of its Russian operations over the war in Ukraine for the foreseeable future.

Ericsson suspends all Russia operations indefinitely

The telecom giant already announced in late February that it would stop all deliveries to Russia following Moscow’s February 24 invasion of Ukraine.

“In the light of recent events and of European Union sanctions, the company will now suspend its affected business with customers in Russia indefinitely,” Ericsson said in a statement.

The company added that it was “engaging with customers and partners regarding the indefinite suspension of the affected business.”

“The priority is to focus on the safety and well-being of Ericsson employees in Russia and they will be placed on paid leave,” it said.

READ ALSO: How has Sweden responded to Putin’s war in Ukraine so far?

Hundreds of Western firms ranging from Ikea to Coca-Cola, Goldman Sachs and McDonald’s have stopped operations in the country since the invasion, with French banking group Societe Generale announcing Monday it was selling its stake in Russia’s Rosbank.

Ericsson has around 600 employees in Russia, and is a “major supplier to the largest operator MTS and the fourth largest operator Tele2,” a company spokeswoman told AFP, adding that together with Ukraine, Russia accounts for less than two percent of revenue.

As a result, the equipment maker said it would record a provision for 900 million Swedish kronor ($95 million, 87 million euros) for the first quarter of 2022 for “impairment of assets and other exceptional costs,” though no staff redundancy costs were included.
Ericsson is due to publish its first quarter earnings on April 14.