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Nokia Siemens to cut 5,000 jobs

Source: Inquirer.net
Helsinki : Finland | 29 days ago  
Views: 25
Finnish-German telecom equipment maker Nokia Siemens said on Tuesday that it would reduce its 64,000-strong workforce by seven to nine percent or by 4,500 to 5,800 jobs, in a multi-million cost-cutting drive. The cost-cutting is to "improve financial performance and return to growth" by reducing...
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  • News Source: Fox News | 28 days ago
    September producer prices in the 16-nation euro zone were down 7.7% from the same month last year, the statistics agency Eurostat reported Wednesday...The euro saw little reaction to the data and remains up 0.3% versus the U.S. dollar at $1.4754. The...
  • News Source: International Herald Tribune | 28 days ago
    Tuesday that it planned to cut 9 percent of its workforce as it attempted to weather a double-digit sales decline and stiffer competition from Chinese manufacturers. The company, a 50-50 joint venture between Nokia of Finland and Siemens of Germany,...
  • News Source: India Abroad | 29 days ago
    The company, a joint venture between Finnish cell phone maker Nokia and German conglomerate Siemens AG, is planning to bring down its annual operating expenses and production overheads by 500 million euros by the end of 2011. "As part of this effort,...
  • News Source: Daily News & Analysis | 29 days ago
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  • News Source: Star Tribune | 29 days ago
    Nokia Siemens Networks said Tuesday it will lay off up to 5,700 workers globally as part of a move to cut annual costs by euro500 million ($740 million). The mobile network equipment maker — a joint venture between Finland's Nokia Corp. and Siemens...
  • News Source: Inquirer.net | 29 days ago
    Finnish-German telecom equipment maker Nokia Siemens said on Tuesday that it would reduce its 64,000-strong workforce by seven to nine percent or by 4,500 to 5,800 jobs, in a multi-million cost-cutting drive. The cost-cutting is to "improve financial...
Blogs
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  • Blog Source: www.zhouxinxin.com
    Nokia Siemens Networks says it will lay off up to 5700 workers globally as part of a move to cut annual costs by euro500 million ($740 million). The mobile network equipment maker says it will reorganize units, reduce overheads, ...
  • Blog Source: gadgetophilia.com
    The Finnish-German joint venture owned by mobile phone maker Nokia Corp. and industrial conglomerate Siemens AG has been struggling in the recession. It said Tuesday it targets annual cuts in “operating expenses and production .... HRConnector From
  • Blog Source: worldmustbecrazy.blogspot.com
    Nokia offers Internet services that enable people to experience music, maps, media, messaging and games. Nokia's subsidiary Nokia Siemens Networks produces telecommunications network equipment, solutions and services. ...
  • Blog Source: phones.thecelebrityphoto.com
    Bloomberg - Oct 26, 2009. Siemens AG (SIE GY): Europe's biggest engineering company plans to cut an unspecified number of jobs because of the economic crisis, Welt am Sonntag. Nokia Siemens operates fibre backbone network ...
  • Blog Source: www.mobileindustryreview.com
    Also, that huge 800 million loss WASN'T due to poor phone sales figures, it was to do with the Nokia Siemens division....!! AND While I'm here, the poor GPS is a hardware fault on some early production units - Nokia swap out the antenna ...
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