Nokia Siemens Networks starts cutting 1,500 jobs
LONDON (Reuters) - Nokia Siemens Networks has begun cutting 1,500 jobs from the 6,900 staff it acquired with its $1.2 billion acquisition of Motorola's telecoms network unit in April, a spokesman said on Thursday.
The spokesman said the process, which affects staff working in the GSM and Wimax technology divisions in several countries including the United States, had begun in Britain.
Nokia Siemens Networks was formed in 2007 as a joint venture of Finnish cellphone maker Nokia and German engineering group Siemens.
It has struggled for profitability amid tight spending by operators and tough competition from rivals Huawei and Ericsson.
(Reporting by Georgina Prodhan. Editing by Robert MacMillan)
- North Korea says Kim's powerful uncle dismissed for 'criminal acts'
- Protesters fell Lenin statue, tell Ukraine's president 'you're next'
- Thai PM calls snap election, protesters press on
- Billy Joel, Shirley MacLaine feted at Kennedy Center Honors
- Singapore hit by rare outbreak of rioting, 27 arrested |
Nelson Mandela: 1918 - 2013
Reuters looks at the life and times of Nelson Mandela, an icon of peace and reconciliation who came to embody the struggle for justice around the world. Video