Nokia Siemens Networks to cut 17,000 jobs globallyNovember 24th, 2011 - 7:07 am ICT by IANS
Helsinki, Nov 24 (IANS) Nokia Siemens Networks is planning to cut its workforce by 17,000 worldwide by the end of 2013, the company said in a statement from Finland.
The company said the measures were part of an extensive global restructuring programme, in which it will focus on mobile broadband and services, Xinhua reported.
“We need to take the necessary steps to maintain long term competitiveness and improve profitability in a challenging telecommunications market,” said the company’s chief executive Rajeev Suri in the statement.
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.
The company is aiming to cut operating expenditure by around one billion euros over two years.
Some 74,000 people currently work for the company in 150 countries, around 7,000 in Finland. The company will announce the geographical distribution of the job cuts later.
- Nokia to close facilities, cut up to 10,000 jobs worldwide - Jun 15, 2012
- Rajeev Suri to head Nokia Siemens joint venture - Sep 01, 2009
- Nokia Siemens buys Motorola unit for $1.2 billion - Jul 19, 2010
- Nokia to reduce worldwide workforce by 4,000 - Apr 27, 2011
- Nokia Siemens networks in 1.2-bn deal for Motorola - Jul 19, 2010
- BlackBerry cuts 2,000 jobs - Jul 25, 2011
- Nokia Siemens launches new way to deliver broadband - Sep 20, 2011
- Strike at Nokia Siemens Networks India - Apr 09, 2012
- Yahoo! to cut another 2,000 jobs in restructuring effort - Apr 04, 2012
- Nokia Siemens Networks to trim jobs - Nov 12, 2008
- Nokia Siemens Networks expands capacity - Aug 10, 2011
- Nokia Siemens to add 800 more staff at Chennai centre - Jan 13, 2011
- Finland owes innovative bent to research spending - Oct 02, 2011
- HSBC to cut 30,000 jobs worldwide - Aug 02, 2011
- Nokia to get new chief executive from Microsoft - Sep 10, 2010
Tags: economic grounds, finland, geographical distribution, helsinki, job, jobs, measures, mobile broadband, necessary steps, nokia, nokia siemens networks, one billion, profitability, restructuring, siemens, suri, telecommunications market, term competitiveness, workforce, xinhua