Fergie's Tech Blog

Nokia Siemens Networks Details Plans to Cut 9,000 Jobs

Phil Carson writes on RCR Wireless News:

The good news: The new Nokia Siemens Networks is intent on creating a “winning company” despite difficult market conditions.

But 9,000 workers have to go.

In a carefully worded press release, Nokia Siemens referred back to a statement made a year ago when the two parties announced a merging of their network businesses that a 10%-to-15% reduction in “headcount”—that is, people—would be necessary over four years, out of the merged entity’s base of 60,000 employees.

posted by Fergie @ 5/04/2007 07:03:00 PM