Thursday, July 12, 2007

Nokia Siemens Networks Outlines Job Cuts in Germany

Nokia Siemens Networks GmbH and its employee representative have negotiated a restructuring that calls for the reduction of 2,290 jobs in a socially acceptable manner. Focus is on three locations in Munich with job reductions totaling 1,500 and about 450 in Berlin. The job reductions result from overlaps in different areas and functions of the new merged company, adjustments in the product portfolio and in Sales as well as from more efficient processes.