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
Telecom gear makers have been hit hard by the recession, which crimped operator spending, and by tough competition from China's Huawei and ZTE. "To match the commercial flexibility demonstrated by Chinese vendors, NSN also had to cut back its...
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...