Corey Posted November 24, 2011 Share Posted November 24, 2011 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 by 1 billion Euros per year by 2013, Forbes said. The company explained that the savings is largely expected to come from organizational streamlining but that it will also look to save money in real estate costs, administrative expenses, information technology and more. The layoffs will be a result of site consolidation, moving activities to global centers and the “elimination of the company’s matrix organizational structure.” Read View the full article Quote Link to comment Share on other sites More sharing options...
ReedLAb Posted November 25, 2011 Share Posted November 25, 2011 man i heard about this the other day...nokia have been in big trouble every since the apple started making phones...it's too bad...we actually analyzed nokia as a case-study in my venture-capital class...they're in trouble... Quote Link to comment Share on other sites More sharing options...
Masa_1964 Posted November 25, 2011 Share Posted November 25, 2011 Nokia problems and NSN probs are bit different things there... why I know... worked both companys 13years total. But that is not nice what is going to happen there and how it will effect with side effects about workers and familys and suppliers localy and globaly. Masa_1964 Quote Link to comment Share on other sites More sharing options...
Helmut the soldier Posted November 25, 2011 Share Posted November 25, 2011 Nokia + Windows = garbage It isn't better this way for Nokia, indeed.... Quote Link to comment Share on other sites More sharing options...
Masa_1964 Posted November 26, 2011 Share Posted November 26, 2011 Nokia + Windows = garbage It isn't better this way for Nokia, indeed.... Yeah, it is just possibility for nokia... last one. Masa_1964 Quote Link to comment Share on other sites More sharing options...
Crasher Posted November 26, 2011 Share Posted November 26, 2011 That's weird, when I went to school they always said Nokia was going to be a leader in phones (always having updated phones like +3 years in advance for countries like finland) Quote Link to comment Share on other sites More sharing options...
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