Nokia Siemens to reduce 9% of its workforce

Publicado: 4 Noviembre 2009
Google translate: 

The New York Times reported today that Nokia Siemens Network, a 50-50 joint-venture between Siemens and Nokia will cut 9% of its workforce or up to 5’760 employees.



The No. 2 maker of wireless network equipment said it must save €500 million by the end of 2011 to counteract the decline in sales and the harsher competition from China. Apart from job cuts, the savings will come through sales of real estate and cuts in administrative expenses.



The company, which refuses to disclose where the redundancies will happen, follows an industry trend. In fact, Ericsson and Alcatel-Lucent already cut respectively 5’000 and 1’000 jobs this year while Nortel Networks filed for bankruptcy in January.



UNI ICTS global union disapproves this decision and expresses its solidarity to the workers of the firm.