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Nokia Siemens announces 17,000 job cuts
11-23-2011, 05:39 PM #1
Octo Mother Superior
Posts:41,186 Threads:1,536 Joined:Feb 2011
Not looking very good is it damned.gif

Nokia Siemens Networks is planning to cut its workforce by 17,000 worldwide by the end of 2013. The company says the cuts are connected to a strategic shift, in which it will refocus its efforts on wireless broadband, services and managing customer experiences.

Some 74,000 people currently work for NSN, with around 7,000 based in Finland. The company will announce the geographical distribution of the job cuts later on.

Nokia Siemens is aiming to cut operating expenditures by around a billion euros over two years. In a statement, the company’s Chief Executive Rajeev Suri called the job cuts ‘regrettable but necessary’, and said the company would provide support for individuals and communities affected by the cuts, but defended the decision on economic grounds.

“We need to take the necessary steps to maintain long term competitiveness and improve profitability in a challenging telecommunications market,” said Suri.

Nokia Siemens Networks is headquartered in Espoo.


11-23-2011, 05:50 PM #2
JayRodney ⓐⓛⓘⓔⓝ
Posts:30,423 Threads:1,479 Joined:Feb 2011
Just more economic bad news on top of more economic bad news. gaah.gif

11-23-2011, 05:53 PM #3
Shadow Incognito Anonymous
I'm afraid we'll see this gathering momentum over the next year. gaah.gif Well, 13 months minus a day chuckle.gif
11-23-2011, 06:29 PM #4
JayRodney ⓐⓛⓘⓔⓝ
Posts:30,423 Threads:1,479 Joined:Feb 2011
İmage lol.gif

11-23-2011, 06:31 PM #5
Octo Mother Superior
Posts:41,186 Threads:1,536 Joined:Feb 2011
lol.gif Yeah they wish...That's probably how long they can afford to pay unemployment benefits to everybody damned.gif
11-23-2011, 09:38 PM #6
Kreeper Griobhtha
Posts:10,749 Threads:708 Joined:Feb 2011
I guess that with the out of control global population there isn't much need for Siemens factories.


Politicians hide themselves away
They only started the war
Why should they go out to fight?
They leave that role to poor
11-23-2011, 09:39 PM #7
Octo Mother Superior
Posts:41,186 Threads:1,536 Joined:Feb 2011
It's SeaMAN dammit! gaah.gif
11-23-2011, 09:40 PM #8
yankees skier
Posts:5,093 Threads:215 Joined:Feb 2011




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