Nokia Siemens to Fire Nearly One-Quarter
Just what employees needed to hear at Nokia Siemens right before America's National Day of Thanksgiving: “You're Fired!” Nokia Siemens is slashing 17,000 jobs worldwide by 2013. It's goal is to cut costs by $1.35 billion as it cuts nearly one-quarter of it's current employees.
As the world's #2 mobile infrastructure maker, the company's efforts are designed to make the Nokia Siemens more efficient as it struggles with competition from China. Nokia-Siemens makes mobile networks necessary for cellphone use and communication between other mobile devices. The company will outsource services and reduce the number of suppliers, but it didn't give details.
Nokia Siemens wants to use its “global deliver capabilities and do remote management from our centers in India and Portugal.” The company blames the global economic downturn for its falling profits. After Nokia Corp., the world's largest cellphone maker, joined forces with Siemens AG to form the joint-venture, it's profits went down considerably.
Nokia Siemens plans to concentrate on mobile broadband and services. Currently, Nokia Siemens is based in Espoo, near Helsinki, Finland. They employ 74,000 employees in 150 countries.CEO Rajeev Suri said the layoffs were regrettable, but necessary.
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