"The Finnish-German telecommunications equipment maker revealed an enormous labor restructuring worldwide. The staff cuts will last until 2013"
Nokia Siemens Networks (NSN), had until 1 November 74 thousand employees, "plans to reduce its staff worldwide in approximately 17,000 workers here at the end of 2013", according to a statement issued by the company, which requires that the goal is to save one billion euros (1,350 million dollars) per year for 2011.
"According to the text, that savings must be made in operational costs and production costs.""These measures are unfortunate but necessary, and our goal is to apply them in a fair and responsible, providing all possible support to employees," said Executive director Rajeev Suri in the statement.
Created in 2007 by the merger of the operations of Nokia and Siemens, NSN already made in the past several restructuring plans, and suffered numerous losses in its brief existence.