Nokia Siemens Network to cut 400 jobs in Finland as part of global plans
APHELSINKI -- Nokia Siemens Networks says it has started talks with employees to cut 400 jobs in Finland as part of global plans to streamline operations.
September 13, 2012, 12:04 am TWN
The wireless network group announced last year it will slash 17,000 jobs worldwide — almost one quarter of its work force — to cut annual costs by (euro) 1 billion (US$1.3 billion) by the end of 2013.
The joint venture between Finland's Nokia Corp. and Siemens AG of Germany has struggled to make a profit amid stiff competition in the global market for network infrastructure, the technology and services needed to run mobile and fixed-line networks.
Based in Espoo, near Helsinki, the company has operations in 150 countries. It employs 6,200 people in Finland.