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Wednesday, November 23, 2011

17,000 jobs going at Nokia Siemens Networks

Nokia Siemens Networks has announced a new focus on end-to-end mobile network infrastructure and services, with a particular emphasis on mobile broadband. It says business areas that aren’t consistent with the new strategy “are planned to be divested or managed for value”.

Rajeev Suri, the company’s CEO, said “We believe that the future of our industry is in mobile broadband and services - and we aim to be an undisputed leader in these areas. At the same time, we need to take the necessary steps to maintain long term competitiveness and improve profitability in a challenging telecommunications market. Our goal is to provide the world’s most efficient mobile networks, the intelligence to maximize the value of those networks, and the services capability to make it all work seamlessly. Despite the need to restructure parts of our company, our commitment to research and development remains unchanged, with investment in mobile broadband expected to increase over the coming years.”

1 billion Euro will be cut from NSN operating expenses and production overheads by the end of 2013 and around 17,000 jobs will be cut worldwide in the next two years.

Author: The Fonecast
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