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IntoMobile - Cell Phone News, Information, and Analysis: Breaking: Nokia Siemens Networks: We’re looking to fire about 5,000 people pretty soon
Phone Scoop - Latest News: Nokia Siemens Networks Plans Major Re-Org
GigaOM Network: Like That Little Engine, Nokia Siemens Thinks It Can Make It [GigaOM]
Reactions
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erainge RT @erainge NSN reorg to separate "business" from "network" products. Worthwhile move. http://bit.ly/3X9Kja 11/3/2009 |
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RT @broadbandtrends: NSN reorganizes again RT @NSN_IAR: Reorganizing the company to reflect our customers' business: http://bit.ly/3X9Kja 11/3/2009 |
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Reorganizing the company to reflect our customers' business: http://bit.ly/3X9Kja (#ff @benroome ) 11/3/2009 |
Breaking: Nokia Siemens Networks: We’re looking to fire about 5,000 people pretty soon
IntoMobile - Cell Phone News, Information, and Analysis —
... Q3 2009, is going to be cutting costs and reorganizing starting January 1, 2010. The goal is to cut operating costs for 2011 by half a billion Euros compared to 2009. Currently NSN has 5 business units, these will now be consolidated into 3 units: Business Solutions, Network Systems, and Global Services. NSN also has roughly 64,000 employees, and 7 to 9 percent (4,480 to 5,760) of them will be fired.
Good luck to my NSN buddies in Finland, the UK and Ireland.
[Via: Press Release]
Related News from IntoMobile:
Joint venture ...
Nokia Siemens Networks Plans Major Re-Org
Phone Scoop - Latest News —
... its five business units into three, which will be: Business Solutions, Network Systems, and Global Services. The company also plans a significant workforce reduction, and it will trim its 64,000 employees down by 7% - 9% (between 4,500 and 5,800 employees). The company will target other areas to reduce costs, including real estate, IT and site optimization. Nokia Siemens Networks will also closely examine acquisitions and partnerships as a way to expand its portfolio of services. more info at Nokia Siemens Networks ...
Like That Little Engine, Nokia Siemens Thinks It Can Make It [GigaOM]
GigaOM Network —
... Nokia Siemens, a telecommunications equipment joint venture, plans to lay off up to 5,700 employees, or 7-9 percent of its work force, in order to cut about $740 million in costs. The company, which is a joint venture between Siemens and cell phone maker Nokia, will also whittle down to three business units from five. But you wouldn’t really get it after reading the headline on its press release which states, “Nokia Siemens Networks Targets Improved Financial Performance, Return to Growth.” ...
Nokia Siemens Announces Ambitious Employee Sacking Plan
Digital Daily —
... They’re swinging the axe over at Nokia Siemens, again. The mobile network equipment maker said today that it plans to reduce its 64000-strong workforce by up to 9 percent in a bid to “improve financial performance and return to growth” — something the joint venture has had a hard time doing since it first established in February 2007. Sadly, as many as 5,700 employees may lose their jobs as a result. This, after the 15 percent workforce reduction the company underwent last year. ...
