Nokia Siemens to slash 17,000 jobs by 2013 in restructuring move

After Nokia and Siemens failed to sell Nokia Siemens Networks, the joint venture announced on Wednesday that it will cut 17,000 jobs around the globe by 2013 as part of a restructuring move that will focus on services and mobile broadband. “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,” Nokia Siemens CEO Rajeev Suri said. “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.” In addition to the layoffs, Nokia Siemens will cut production overhead and operating expenses

Source: http://www.bgr.com/2011/11/23/nokia-siemens-to-slash-17000-jobs-by-2013-in-restructuring-move/

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