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Nokia Siemens slashes nearly 6,000 jobs


Source: IT Pro
IT Pro
Nokia Siemens slashes nearly 6,000 jobs Nokia Siemens Networks plans to cut as many 5,760 jobs in an effort to reduce costs and “return to growth.”

A statement on the company’s website confirmed that it was looking to cut operating expenses and production overheads by €500 million (£449 million) by the end of 2011.
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November 3, 2009 5:56 pm
Thats a lot of people to lay off right before the holidays.
November 3, 2009 6:25 pm
Definitely bad timing.
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