Ericsson Drops Diversity Language from Annual Report After US Pressure

After President Donald Trump's declaration of war on "diversity and inclusion", Swedish Ericsson has removed all such formulations from its annual report, writes Dagens industri. But AB Volvo does not think that the new requirement collides with the company's goal of 35 percent of leaders being women.

» Published: April 01 2025

Ericsson Drops Diversity Language from Annual Report After US Pressure
Photo: Maja Suslin/TT

For several years, Ericsson's annual reports have included accounts of the company's work on diversity and inclusion, but now they are conspicuous by their absence.

In the latest annual report, the words are not mentioned at all in the description of Ericsson's personnel policy, compared to twelve times in the previous one, according to Dagens industri.

The change comes after Trump's repeated harsh outbursts against so-called DEI guidelines for diversity, equality, and inclusion within, among other things, the American state apparatus.

"Does not permit discrimination"

Recently, the USA demanded in a letter to large European companies that they follow a presidential order from Trump that prohibits just such guidelines.

Ericsson, however, denies that Trump had anything to do with the changed formulations.

In the 2024 annual report, the language regarding this area was updated for increased clarity. We do not permit discrimination and make decisions regarding our employees based on competence and merits in accordance with applicable legislation, says Ericsson's press chief Ralf Bagner to Di.

In January, the Swedish telecom giant donated several million kronor to Donald Trump's presidential inauguration.

We have a very large market share in the USA and we must be able to work with whoever sits in the White House, said the company's CEO Börje Ekholm to TT then.

AB Volvo retains goals

Truck manufacturer AB Volvo received a letter from the American energy department sent to its factory in Virginia in January, stating that it will examine whether the company "is regular in relation to the law", according to AB Volvo's press chief Claes Eliasson to Di.

But AB Volvo does not believe that the stated goal of 35 percent of the company's leaders being women by 2030 clashes with Trump's presidential order.

We do not assess it that way, as we count on being able to achieve the goal with merit-based recruitment. But it may become a matter of dispute, how they view it, says Eliasson to the newspaper.

Tags

TTT
By TTThis article has been altered and translated by Sweden Herald

More news

APM Terminals Acquires Key Railway
1 MIN READ

APM Terminals Acquires Key Railway by Panama Canal

Wall Street Gains as Trump
1 MIN READ

Wall Street Gains as Trump Prepares to Announce New Tariffs

Tesla Sales Plummet in Q1,
1 MIN READ

Tesla Sales Plummet in Q1, Miss Analyst Expectations by Wide Margin

US Private Sector Adds 155,000
1 MIN READ

US Private Sector Adds 155,000 Jobs in March, Surpassing Expectations

China Limits US Investments as
1 MIN READ

China Limits US Investments as Trade Tensions Rise

Ben & Jerry's Co-Founder Seeks
2 MIN READ

Ben & Jerry's Co-Founder Seeks to Reclaim Brand from Unilever

Nintendo Switch 2 Launches June
1 MIN READ

Nintendo Switch 2 Launches June 5 with New Games and Features

Northvolt Labs in Västerås to
1 MIN READ

Northvolt Labs in Västerås to Lay Off 550 Employees

FI Warns of Rising Fees
2 MIN READ

FI Warns of Rising Fees for Housing Associations as Costs Climb

Volvo Cars Sees 10 Percent
1 MIN READ

Volvo Cars Sees 10 Percent Drop in March Sales, Electric Models Hit Hard

Stockholm Stocks Slide as Tariff
2 MIN READ

Stockholm Stocks Slide as Tariff Concerns Hit Major Companies

Genre image
1 MIN READ

Systemair CEO Roland Kasper Steps Down After a Decade

Dustin Announces Billion-Kronor Boost as
1 MIN READ

Dustin Announces Billion-Kronor Boost as Shares Drop 7 Percent

Folksam Divests Tesla Shares Over
2 MIN READ

Folksam Divests Tesla Shares Over Swedish Labor Dispute

Trump Set to Announce New
2 MIN READ

Trump Set to Announce New Tariffs as Global Markets Brace

Stockholm Stock Exchange Faces Decline
1 MIN READ

Stockholm Stock Exchange Faces Decline as Futures Point Downward

Trump's Tariffs Predicted to Slow
1 MIN READ

Trump's Tariffs Predicted to Slow Global Economy Growth

Construction Sector Sees Modest Growth
1 MIN READ

Construction Sector Sees Modest Growth with Housing and Government Boost

Asian Markets Show Mixed Reactions
1 MIN READ

Asian Markets Show Mixed Reactions Ahead of Trump's Tariff News

Sweden's Housing Market Faces Uncertainty
2 MIN READ

Sweden's Housing Market Faces Uncertainty as Interest Rate Fears Loom

Motorhome Registrations Surge 59 Percent
1 MIN READ

Motorhome Registrations Surge 59 Percent in 2025

Wall Street Closes Mostly Up
1 MIN READ

Wall Street Closes Mostly Up After Volatile Day

Swedish Paper Industry Secures Two-Year
1 MIN READ

Swedish Paper Industry Secures Two-Year Wage Agreement

Trump's New Tariffs on Imports
1 MIN READ

Trump's New Tariffs on Imports Set to Take Effect Today

Sweden to Acquire C-390 Transport
1 MIN READ

Sweden to Acquire C-390 Transport Aircraft in Joint Deal with EU Partners

Finland Shuts Down Last Coal
1 MIN READ

Finland Shuts Down Last Coal Plant, Slashing Emissions by 50 Percent

Volvo and Major Automakers Fined
1 MIN READ

Volvo and Major Automakers Fined 458 Million Euros for Cartel Involvement

Saab and H&M Lead Gains
2 MIN READ

Saab and H&M Lead Gains as Stockholm Stocks Rebound

Gunvor Faces 42 Percent Profit
1 MIN READ

Gunvor Faces 42 Percent Profit Drop in 2024 Despite Revenue Boost

Hooters Files for Bankruptcy, Plans
1 MIN READ

Hooters Files for Bankruptcy, Plans to Sell Company-Owned Locations

Eurozone Unemployment Drops to 6.1
1 MIN READ

Eurozone Unemployment Drops to 6.1 Percent in February

Eurozone Inflation Drop Fuels Hopes
2 MIN READ

Eurozone Inflation Drop Fuels Hopes for ECB Rate Cuts

Swedish Central Bank Boosts Dollar
1 MIN READ

Swedish Central Bank Boosts Dollar Holdings in Reserve Shift

Central Bank Deputy Predicts Inflation
1 MIN READ

Central Bank Deputy Predicts Inflation Easing in Sweden

Tesla Faces Significant Decline in
1 MIN READ

Tesla Faces Significant Decline in Swedish Car Registrations

Sweden's New Industrial Deal Sets
3 MIN READ

Sweden's New Industrial Deal Sets Wage Growth for 2025-2027

Snus Delivery Strike Averted as
1 MIN READ

Snus Delivery Strike Averted as Union Reaches Agreement

Swedish Manufacturing Gains Momentum as
2 MIN READ

Swedish Manufacturing Gains Momentum as Eurozone Shows Positive Trends

Positive Outlook for Harvest Season
1 MIN READ

Positive Outlook for Harvest Season Despite Challenges Ahead

Sweden's New Industrial Agreement Brings
2 MIN READ

Sweden's New Industrial Agreement Brings Stability in Uncertain Times