|
|
Article: United States : Nokia Siemens to slash 5700 jobs.
- Article from:
- TendersInfo
- Article date:
- November 5, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: datta03
Nokia Siemens Networks is to cut up to 5,700 jobs from its 64,000 workforce.
The move is part of a drive to save [pounds sterling]450 million from the joint venture which provides mobile, fixed and converged network technology.
Get sage advice on IT careers and management from Bob Lewis in InfoWorld's Advice Line blog and newsletter.
The company is looking to cut spending in IT, property and general and administrative expenses. Nokia Siemens Networks operates in 150 countries and the company said the job losses would not be evenly spread across its operations.
The company also warned of a major derive to ...