The Swedish telecoms equipment group Ericsson has said it is cutting an extra 1,500 jobs due to fall in quarterly profits. Hit by the cost of its restructuring work, and a continuing drop in orders, its net profit for October to December has come down to 43 million dollars, a 92 per cent fall from the same quarter in 2008. The latest 1,500 job cuts come on top of the 5,000 positions that the company shed last year.