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Nokia Siemens Networks to cut 9,000 jobs by 2010

Channel News Asia - May 4, 2007

Nokia Siemens Networks, the Finnish-German telecom networks manufacturer, said Friday it would cut 9,000 jobs by 2010, or 15 per cent of its workforce, including some 3,000 jobs in Germany.

Nokia and Siemens merged their telecoms equipment and network activities in 2006. At the time, they said they would reduce by 10 to 15 per cent their workforce, which then amounted to 60,000 people.

"Nokia Siemens Networks is confirming today that it expects its adjustment to remain within that range, at approximately 9,000 employees, subject to required consultations with employee representatives," it said.

Read Full Article from Channel News Asia

- Posted: 2007-05-04 09:44:08


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