Showing posts with label Jobs. Show all posts
Showing posts with label Jobs. Show all posts

Tuesday, January 15, 2019

Nokia to eliminate 350 jobs in Finland

Nokia announced plans to eliminate 350 positions in Finland. The company, which is based in Espoo, Finland, currently employs about 6,000 people in its home country.

Nokia announces cost-cutting, job losses and corporate realignment

Nokia announced a corporate realignment and cost-cutting program aimed at refocusing its efforts on high-performance, end-to-end networks, expansion into new enterprise segments, building a standalone software business, and generating significant licensing revenues.

Specifically, Nokia aims to reduce of its annualized operating expenses and production overheads by EUR 700m by the end of 2020 compared to the end of 2018, of which EUR 500m is expected from operating expenses.

Cost savings will come from automation; process and tool simplification; significant reductions in central support functions; prioritization of R&D programs; a sharp reduction of R&D in legacy products; efficiency from further application of a common software foundation and innovative software development techniques; the consolidation of selected cross-company activities; and further reductions in real estate and other overhead costs.

Nokia said the cost-cutting will entail a net reduction of employees globally but did not disclose the size of the expected cuts.

"Nokia has made considerable progress in executing on its strategy, with excellent momentum in providing high-performance end-to-end networks, targeting new enterprise segments and creating a standalone software business," said Rajeev Suri, President and CEO. "Our early progress in 5G is extremely strong, we continue to increase our investment in this critical technology, and our win rate for new deals suggests that we are in a very good competitive position."

"With the successful Alcatel-Lucent integration and cost-saving program soon to be behind us, we are taking steps to accelerate the execution of our strategy and sharpen our customer focus. We will also redouble our efforts to ensure that Nokia's disciplined operating model remains a source of competitive advantage for us, and that we maintain our position as the industry leader in cost management, productivity and efficiency. We noted earlier this year that we would need to take further cost actions in order to deliver on our 2020 guidance. Today, we are quantifying those actions and raising the certainty that we can meet those commitments," Suri said.

Highlights of the plan include:

  • Creating a new Enterprise Business Group that consolidates a range of existing, fast-growing activities into one focused organization reporting directly to the President and CEO.  
  • Accelerating Nokia's strong momentum in 5G by sharpening the focus of the Mobile Networks Business Group to be on mobile radio products.
  • Strengthening Nokia's capability to deliver industry-leading, fully-integrated and tested Cloud Core solutions by aligning both resources and accountability to the Nokia Software Business Group.
  • Kathrin Buvac, who is currently Chief Strategy Officer for Nokia, has been nominated as President of Enterprise. 

Monday, December 10, 2018

Verizon announces 10,400 employees accept its offer to leave

 Verizon announced that approximately 10,400 employees have accepted its voluntary separation offer to leave the company next year. The program offers up to 60 weeks’ salary, bonus and benefits, depending on length of service.

Verizon had 152,300 employees at the end of third-quarter 2018.

“These changes are well-planned and anticipated, and they will be seamless to our customers,” said Verizon CEO Hans Vestberg. “This is a moment in time, given our financial and operational strength, to begin to better serve customers with more agility, speed and flexibility.

Sunday, December 17, 2017

AT&T and CWA reach labor deal covering 20K workers

AT&T and the Communications Workers of America (CWA) reached a tentative agreement covering 20,000 employees in 36 states and the District of Columbia -- AT&T's Mobility Orange unit, which encompasses CWA Districts 1, 2-13, 4, 7 and 9.

Highlights of the tentative agreement:

  • A contract length of four years
  • Retroactive wage increases back to Feb. 12, 2017, and a $1,000 lump sum, if the agreement is ratified by Jan. 12, 2018.
  • General wage increases of 2.25% effective Feb. 12, 2017; 3% effective Feb. 11, 2018; 2.25% effective Feb. 10, 2019; and 2.25% effective Feb. 9, 2020. Compounded wage increase over the four-year term of the offer will be over 10%, and employees in wage progression may see an even greater total increase over the term of the offer.
  • For retail sales consultants, $2,500 moved from commissions that are at-risk to base pay that is not.
  • Employment security for call center and retail sales employees. If a call center or retail store closing results in a job loss, or if a call center or retail title is eliminated, affected employees will be guaranteed a job offer in our Mobility business.
  •  AT&T Mobility retail workers will earn an average hourly wage of $19.20, about 74% more than the national average pay for retail workers.


AT&T said its offer ensures a robust health care plan, with the company paying over 70% of the total costs including 100% of preventive care costs.

CWA said the deal was reached after 11 months of mobilization, tough bargaining and a three-day strike.

"After joining together and going on strike, AT&T Mobility workers have won a historic contract that sets a bold precedent for workers in the telecom industry. The solidarity and persistence of our members pushed the company to agree to crucial protections like stronger job security for retail workers and greater fairness in evaluation and discipline procedures that put our members and their families on a path towards greater economic security," said Dennis Trainor, CWA District 1 Vice President. "Let this be a sign to all companies that put profits above workers: when we stand together, we win," he said.

Wednesday, December 28, 2016

Sprint Commits to Create or Bring Back to America 5,000 Jobs

Sprint announced a commitment to create or bring back to America 5,000 jobs by the end of its fiscal year 2017.

“We are excited to work with President-Elect Trump and his Administration to do our part to drive economic growth and create jobs in the U.S.,” said Sprint CEO Marcelo Claure. “We believe it is critical for business and government to partner together to create more job opportunities in the U.S. and ensure prosperity for all Americans.”

Sprint said it anticipates these jobs will support a variety of functions across the organization including its Customer Care and Sales teams.

http://www.sprint.com

Thursday, December 8, 2016

Ericsson: No Further Job Cuts in Sweden

Ericsson announced that its restructuring program is ahead of schedule in Sweden. In October, the company announced plans to eliminate 3,000 position in Sweden through a combination of a voluntary reduction program, reduction of production in Sweden, outsourcing and natural attrition during 2016.

Ericsson said the voluntary program in Sweden has been successfully completed and 1,600 employees will leave Ericsson through the program on December 31, 2016. Currently, no further forced staff reductions are planned in Sweden beyond what has already been announced relating to production sites.

Overall, Ericsson said its global cost and efficiency program is tracking towards the previously communicated target to:

  • reduce the annual run rate of operating expenses, excluding restructuring charges, to SEK 53 b. in the second half of 2017.
  • make cost of sales reductions visible in the gross margin in the second half of 2017, compared to full year 2016.

https://www.ericsson.com/news/2062901

Ericsson to Cut 3,000 Positions in Sweden

Ericsson announced plans to trim approximately 3,000 positions in Sweden, including about 1,000 positions in production, approximately 800 in R&D and approximately 1,200 in other operations. The job reduction represents about 19% of its current workforce of 16,000 employees in Sweden.

"Ericsson is going through a large transformation. We continue to have a strong focus on R&D, and since many years, most Ericsson employees work in software development and services, rather than hardware production. The measures are necessary to secure Ericsson's long term competitiveness as well as technology and services leadership," stated Jan Frykhammar, President and CEO, Ericsson.

The company said the cuts will come through voluntary separation, forced reductions and outsourcing. Ericsson intends to make significant reductions in operations in Borås and Kumla.

https://www.ericsson.com/news/2046462

Thursday, November 3, 2016

Marvell Cuts 900 Jobs in Restructuring

Marvell Technology Group announced restructuring actions intended to refocus its research and development (R&D), increase operational efficiency and improve profitability. The company will discontinue specific R&D programs, streamline engineering processes, and consolidate R&D sites.

The restructuring, which will eliminate approximately 900 positions worldwide by the end of October 2017, will lower annual operating expenses from a current annualized run rate of $1.08 billion to the $820-840 million range. In addition, Marvell said it plans to divest non-strategic businesses with approximately $60 million in operating expenses and $100 million in revenue, based on a first half of fiscal 2017 annualized run rate.

Matt Murphy, Marvell's President and Chief Executive Officer, explained, "The single biggest factor limiting the potential of the Cloud and utilization of billions of connected devices is the bandwidth of today's technology. By focusing on our strengths in storing, moving, and accessing data at high speeds, Marvell is well-positioned to enable the technology of tomorrow."

http://www.marvell.com/company/news/pressDetail.do?releaseID=8676

Tuesday, October 4, 2016

Ericsson to Cut 3,000 Positions in Sweden

Ericsson announced plans to trim approximately 3,000 positions in Sweden, including about 1,000 positions in production, approximately 800 in R&D and approximately 1,200 in other operations. The job reduction represents about 19% of its current workforce of 16,000 employees in Sweden.

"Ericsson is going through a large transformation. We continue to have a strong focus on R&D, and since many years, most Ericsson employees work in software development and services, rather than hardware production. The measures are necessary to secure Ericsson's long term competitiveness as well as technology and services leadership," stated Jan Frykhammar, President and CEO, Ericsson.

The company said the cuts will come through voluntary separation, forced reductions and outsourcing. Ericsson intends to make significant reductions in operations in Borås and Kumla.

https://www.ericsson.com/news/2046462

Wednesday, August 17, 2016

Cisco Posts Sales of $12.6 Billion, Confirms 5,500 Job Cuts

Cisco reported fourth quarter revenue of $12.6 billion, net income (GAAP) of $2.8 billion or $0.56 per share, and non-GAAP net income of $3.2 billion or $0.63 per share.

"We had another strong quarter, wrapping up a great year. I am particularly pleased with our performance in priority areas including security, data center switching, collaboration, services as well as our overall performance, with revenues up 2% in Q4 excluding the SP Video CPE business," said Chuck Robbins, CEO of Cisco. "We continue to execute well in a challenging macro environment. Despite slowing in our Service Provider business and Emerging Markets after three consecutive quarters of growth, the balance of the business was healthy with 5% order growth. This growth and balance demonstrates the strength of our diverse portfolio. Our product deferred revenue from software and subscriptions grew 33% showing the continued momentum of our business model transformation."

Cisco also confirmed a corporate restructuring that will eliminate 5,500 jobs, representing approximately 7% of its global workforce. Currently, Cisco has about 73,711 employees, up from 71,833 a year ago. The company said it intends to invest aggressively in growth areas such as security, IoT, next-gen data center and cloud, while lowering its cost base in slower areas of its portfolio.

Some highlights for the quarter:

  • Total Q4 2016 revenue was $12.6 billion, up 2%, with product revenue up 1% and service revenue up 5%. 
  • Revenue by geographic segment was: Americas up 3%, EMEA up 3%, and APJC down 2%. Product revenue growth was led by Security at 16%. 
  • Collaboration, Wireless and Switching product revenue increased by 6%, 5%, and 2%, respectively. 
  • Service Provider Video, NGN Routing and Data Center product revenue decreased by 12%, 6%, and 1%, respectively.
  • Cisco had $65.8 billion in cash and cash equivalents at the end of the fourth quarter of fiscal 2016, compared with $63.5 billion at the end of the third quarter of fiscal 2016, and compared with $60.4 billion at the end of fiscal 2015. The company said total cash and cash equivalents and investments available in the United States at the end of Q4 was $5.9 billion.


http://www.cisco.com

Monday, May 30, 2016

Deal Reached to End Verizon Strike

Verizon announced an "agreement in principle" with the CWA and IBEW covering its nearly 40,000 wireline employees who have been on strike since April 13, and a small number of wireless employees in the Northeast. U.S. Labor Secretary Thomas Perez and the director of the Federal Mediation and Conciliation Service, Allison Beck, helped negotiate the deal.

The 45-day strike was one of the longest in Verizon's recent history.

The CWA said that, under the deal, Verizon will add 1,300 new east coast call center jobs, and reverse several other outsourcing initiatives that will create new field technician jobs. The four-year proposed agreement provides 10.9% in raises, a $1250 signing bonus in the Mid-Atlantic and a $1000 signing bonus plus a $250 healthcare reimbursement account in the Northeast, $2800 minimum in profit sharing, pension increases, and a first contract for Verizon Wireless retail store employees in Brooklyn, NY and Everett, MA.

CWA appreciates the persistence and dedication of Secretary Perez, Federal Mediation and Conciliation Service Director Allison Beck and their entire teams. The addition of good new jobs at Verizon is a huge win not just for striking workers, but for our communities and the country as a whole. This contract is a victory for working families across the country and an affirmation of the power of working people,” said Chris Shelton, President of the Communications Workers of America. “It proves that when we stand together we can raise up working families, improve our communities and advance the interests of America’s working people.”

“Verizon is very pleased with this “agreement in principle.” The agreement is consistent with our objective of creating high quality American jobs and achieving meaningful changes and enhancements to the contracts that will better enable our wireline business unit to compete and succeed in the digital world," stated Marc Reed, Verizon’s chief administrative officer.

http://www.cwa-union.org/news/releases/big-gains-for-striking-verizon-workers-in-new-agreement
http://www.verizon.com/about/news/verizon-reaches-agreement-principle-new-contracts-about-36500-employees

CWA: Verizon Strike is On

Nearly 40,000 Verizon workers from Maine to Virginia, represented by the Communications Workers of America (CWA) and the International Brotherhood of Electrical Workers (IBEW), went on strike as of Wednesday morning at 6am. The parties have been unable to resolve differences since the last contract expired on August 1st, 2015.

The union cited the following unresolved issues:


  • Offshoring Jobs – Verizon has already contracted out work to more than 5,000 employees in the Philippines, Mexico, the Dominican Republican and other overseas locations. These offshore workers handle customer service calls originating in the Mid-Atlantic and Northeastern states. 
  • Outsourcing Work to Low-Wage Contractors – the union is concerned about the amount of outside line work, particularly vital work installing and maintaining telephone poles, that is being assigned to non-union workers.
  • Contract for Wireless Workers – namedly, a fair first contract for Verizon Wireless retail workers who formed a union in 2014, and for the 100 wireless technicians who maintain the network in downstate New York.
  • Call-Center Closings – hundreds of Verizon workers are at risk of losing their jobs or being forced to commute as much as three hours more each day because of the company's plan to close and consolidate call centers. 
  • Out of State Assignments – long assignments of up to two months at a time

http://standuptoverizon.com/

Tuesday, April 19, 2016

Intel Restructuring Looks to Data Center and IoT for Growth

Intel will cut up to 12,000 jobs globally - approximately 11% of its workforce - as it aims "to accelerate its evolution from a PC company to one that powers the cloud and billions of smart, connected computing devices."

Intel said it sdata center and Internet of Things (IoT) businesses are the primary growth engines now, with memory and field programmable gate arrays (FPGAs) accelerating these opportunities. These growth businesses delivered $2.2 billion in revenue growth last year, and made up 40 percent of revenue and the majority of operating profit, which largely offset the decline in the
PC market segment.

“Our results over the last year demonstrate a strategy that is working and a solid foundation for growth. The opportunity now is to accelerate this momentum and build on our strengths. These actions drive long-term change to further establish Intel as the leader for the smart, connected world. I am confident that we’ll emerge as a more productive company with broader reach
and sharper execution,” stated Intel CEO Brian Krzanich.

Intel expects the restructuring to deliver $750 million in savings this year and annual run rate savings of $1.4 billion by mid-2017. The company will record a one-time charge of approximately $1.2 billion in the second quarter.

http://www.intel.com

Thursday, April 14, 2016

AT&T Mobility Workers Endorse Contract

AT&T Mobility employees in the company's Southwest Region (CWA District 6) have voted to ratify a four year contract.

The contract covers more than 9,400 Mobility employees represented by the Communications Workers of America in Arkansas, Kansas, Missouri, Oklahoma and Texas.

https://www.att.com/

Wednesday, April 13, 2016

CWA: Verizon Strike is On

Nearly 40,000 Verizon workers from Maine to Virginia, represented by the Communications Workers of America (CWA) and the International Brotherhood of Electrical Workers (IBEW), went on strike as of Wednesday morning at 6am. The parties have been unable to resolve differences since the last contract expired on August 1st, 2015.

The union cited the following unresolved issues:


  • Offshoring Jobs – Verizon has already contracted out work to more than 5,000 employees in the Philippines, Mexico, the Dominican Republican and other overseas locations. These offshore workers handle customer service calls originating in the Mid-Atlantic and Northeastern states. 
  • Outsourcing Work to Low-Wage Contractors – the union is concerned about the amount of outside line work, particularly vital work installing and maintaining telephone poles, that is being assigned to non-union workers.
  • Contract for Wireless Workers – namedly, a fair first contract for Verizon Wireless retail workers who formed a union in 2014, and for the 100 wireless technicians who maintain the network in downstate New York.
  • Call-Center Closings – hundreds of Verizon workers are at risk of losing their jobs or being forced to commute as much as three hours more each day because of the company's plan to close and consolidate call centers. 
  • Out of State Assignments – long assignments of up to two months at a time

http://standuptoverizon.com/

Verizon Comments on Strike

In a press statement, Verizon said it remains committed to its negotiation objectives and seeks to bring negotiation to a closure after ten months at the bargaining table.

The company said 36,000 employees covered under these contracts currently have a wage and benefit package that averages more than $130,000 a year.  Over 99 percent of these employees support the wireline business which in 2015, contributed about 29 percent of Verizon's revenue but less than 7 percent of the company's operating income.

Verizon also said its wireline proposal offers a 6.5 percent wage increase over the term of the contract.

"We have trained thousands of non-union Verizon employees to carry out virtually every job function handled by our represented workforce – from making repairs on poles to responding to inquiries in our call centers.  We know the unions' strike order will be a hardship and pose challenges for our employees, but as a 24x7 customer service company, our contingency plans are in place and our company will continue to serve those who rely on us," stated Bob Mudge, president of Verizon's wireline network operations.

http://www.verizon.com

Wednesday, April 6, 2016

Nokia Begins Post-Merger Job Cuts

Nokia announced global job cuts related to its recent acquisition of Alcatel-Lucent.

Nokia is targeting EUR 900 million of operating cost synergies to be achieved in full year 2018 .

The headcount reductions are expected to take place between now and the end of 2018, consistent with the company's synergy target timeline.

The company said personnel reductions will come largely in areas where there are overlaps, such as research and development, regional and sales organizations as well as corporate functions. Consultations are beginning with the company's two European Works Councils. Similar meetings and consultations with employee representatives are taking place in almost 30 countries in the coming weeks. Processes and timelines will vary from one country to another.

"These actions are designed to ensure that Nokia remains a strong industry leader," said Nokia President and CEO Rajeev Suri. "When we announced the acquisition of Alcatel-Lucent we made a commitment to deliver EUR 900 million in synergies - and that commitment has not changed. We also know that our actions will have real human consequences and, given this, we will proceed in a way that that is consistent with our company values and provide transition and other support to the impacted employees."

http://www.nokia.com

Tuesday, November 17, 2015

Citrix to Spinoff GoTo Products, Restructure Core Business

Citrix Systems will spinoff its GoTo family of products into a separate public company as part of an organizational restructuring aimed at renewing its focus on core products.

Citrix plans to increase emphasis and resources to core enterprise products for secure and reliable application and data delivery, including XenApp, XenDesktop, XenMobile, ShareFile and NetScaler. The company will end investment in certain other products and programs, in some cases moving technologies into strategic products, in other cases providing an orderly end-of-life to non-core products.

As part of the restructuring, Citrix will eliminate about 1,000 full-time and contract roles, excluding the effect of spinning off the GoTo business.

"We are simplifying our business in all areas - product, marketing, sales, operations and development," said Bob Calderoni, interim CEO and president, and executive chairman. "Focusing on our core strengths and simplifying how we work with customers and partners will help us improve execution, drive higher profit and begin investing for growth in areas in which we provide the greatest customer value."

http://www.citrix.com

Tuesday, March 17, 2015

Ericsson Acquires China's Sunrise Technology for IT Services

Ericsson agreed to acquire the telecom business of Sunrise Technology, a provider of IT services in the operations and business support systems (OSS/BSS) domain. Financial terms were not disclosed.

Sunrise Technology, which is headquartered in Guangzhou, integrates complex IT solutions for leading operators in China. Areas of expertise include IT consulting, systems integration for charging and billing systems, customer relationship management and business intelligence/analytics solutions, and application development and maintenance. About 1,00 employees will join Ericsson's Global Services business, which employs 65,000 employees in 180 countries.

Magnus Mandersson, Executive Vice President and Head of Business Unit Global Services at Ericsson, says: "China is the world's biggest mobile market in terms of number of subscriptions, with 1.285 billion. Most of the country's telecom operators are at the beginning of their IT transformation journeys, and will soon replace their legacy IT systems with next-generation solutions that will enable them to launch digital offerings. The acquisition of Sunrise Technology's telecom business will boost our ability to serve mobile operators' IT transformation needs in China, and is aligned with our strategy of becoming a global ICT leader."

http://www.ericsson.com

Thursday, March 12, 2015

Ericsson Cuts 2,200 Positions in Sweden, Mostly R&D

Ericsson confirmed plans to cut 2,200 positions in Sweden, mainly in R&D and Supply, as part of its on-going cost and efficiency program announced last November.

The program targets savings of approximately SEK 9 b. with full effect during 2017.

Ericsson said it strategy is to excel in core areas: Radio, Core and Transmission and Telecom Services; and to fund growth in the targeted areas: IP networks, Cloud, TV & Media, OSS & BSS and Industry & Society.

http://www.ericsson.com/news/1901885?categoryFilter=press-releases_1270673222_c

Tuesday, February 17, 2015

Cisco to Offer Professional Engineer Certification for IP Collaboration Solutions

Cisco is expanding its collaboration certification program for engineers to include IP Voice and Digital Video collaboration solutions. The Collaboration Certification portfolio will now include an associate level and professional level, offering a complete career path for collaboration, voice and video network engineers who want to enhance their skills to embrace the new way of working.

Specifically, the Cisco Certified Network Associate (CCNA) and Cisco Certified Network Professional (CCNP) Collaboration certifications address the convergence of voice, video, data and mobile applications in mid-sized to large networks utilizing the latest Cisco collaboration solutions.

http://mkto.cisco.com/collaborationcert.html?_ga=1.136076401.1152727851.1392853259

Friday, October 31, 2014

Huawei Plans Big Investment in Canadian R&D

Huawei announced plans to invest $210 million over the next 5 years to expand its R&D and business operations in the Province of Ontario. The new investments are expected to create 325 new jobs over the next 5 years, including most engineers and researchers.  In total, when combined with existing research, development and operational plans, Huawei's total investment in Ontario over the next 5 years will be $500m.

The announcement was made in conjunction with a visit by the Premier of Ontario, the Hon. Kathleen Wynne, and delegates on her China trade mission, at Huawei's R&D Centre in Beijing.

Huawei currently employs approximately 550 people in Canada, of whom over 95% are based in the Province of Ontario.

"I am pleased that Huawei is expanding its operations in Ontario" said Premier Wynne.  "This investment will create a significant number of jobs and reinforces Ontario's position as a global leader in ICT and telecommunications.  My government is fostering a dynamic business climate to attract even more investments from Huawei and other leading companies around the world."

"Today's announcement reinforces Huawei's commitment to Canada and to the Province of Ontario," said Sean Yang, President of Huawei Canada.  "Canada and Ontario have a legacy of leadership in ICT and telecommunications.  Since 2010, Huawei's Canada Research Centre has established itself as one of the global leaders in advanced communications technologies, including 5G.  The success of this facility has reinforced to Huawei the value of Ontario's talented workforce, and network of universities in Ontario and across Canada, that can support innovative research."

http://www.huawei.com

Friday, October 3, 2014

Sprint Commences October Layoffs

Sprint has begun a new round of layoffs and will take a charge of approximately $160 million in the second fiscal quarter of 2014 for severance and related costs.  In an SEC filing, Sprint said the workfouce reduction is expected to be largely completed by October 31, 2014 and will include certain management and non-management positions.  

http://investors.sprint.com/Cache/c25515509.html


See also