BlackBerry Ltd (NASDAQ:BBRY) Considers Closing Sweden Operations

BlackBerry Ltd (NASDAQ:BBRY) is considering packing out of Sweden. An affirmative decision might put over 100 people out of their jobs.

Do analyst foresee a momentum shift in BBRY?

The mobile phone company is putting the foreclosure of its Swedish offices into effect come this May. The company’s spokesperson also announced via mail that the company is currently undertaking negotiations with Trade Unions where the jeopardized workers belong. The offices being closed belong to the software design operations in the country.

The announcement to downsize came just a few days after Blackberry announced that it was acquiring WatchDox. The acquisition was a move among the first for the company to secure its future. After all, Companies are doing the same to extend their future. Take, for example, Facebook Inc (NASDAQ:FB) bought out Oculus not so long ago.

Blackberry has been experiencing a hard time for quite some time now. The company has been experiencing losses and low sales levels. Closure of some of the company’s offices in some regions is probably one of the company’s strategies for reducing expenses and losses in general. The spokesperson confirmed this with a statement that the company is trying to focus its resources on avenues that will optimize its growth opportunities.

The mobile company has not commented on the decision. The final decision is yet to be established. The affected Swedish firm is credited as part of the team responsible for the creation of the first Android interface. It is unclear the fate of those workers that will be affected by the closure.

Part of the reason BlackBerry Ltd (NASDAQ:BBRY) has not been doing so well is the heavy competition weighing in from other market players. Google has a fairly large number of followers while iOS commands a lot of loyalties. The operating systems’ user friendliness and level of customization are a major factor pulling customers away to the competitors. The device diversity is also a keen insight into market performance.

Despite the negative results in the past, profits have started to yield again. The company reported quarterly profits of $28 million. Thus, the year was off to a good start.

 

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Cook Laurie

Cook Laurie

Laurie, a long-time member of the US Markets Daily general assignment reporter who has covered a variety of subjects from breaking news to investigative features, from stock markets to politics, and from neighborhood small business to global warming.