Nokia Siemens Networks to lay off more than 4,000 workers in Europe

<center><a href="http://www.bgr.com/2012/01/31/nokia-siemens-networks-to-lay-off-more-than-4000-workers-in-europe"><img class="size-full wp-image-96544 aligncenter" title="NokiaSiemensNetworks_logo-1024x471" src="http://www-bgr-com.vimg.net/wp-content/uploads/2011/07/NokiaSiemensNetworks_logo-1024x471110713145631.jpg" alt="" width="470" height="216" /></a></center>

Nokia Siemens Networks recently announced that it will cut as many as 1,200 jobs in Finland and lay off another 2,900 workers in Germany as it begins to restructure the company. Both Nokia and Siemens originally tried to sell the joint venture, which has struggled to report a profit, but <a href="http://www.bgr.com/2011/07/13/nokia-siemens-bail-on-effort-to-sell-nokia-siemens-networks/">gave up those plans this past summer</a>. The move is expected to save €1 billion per year, <em>Reuters</em> said Tuesday. Nokia Siemens Networks is the second larger maker of phone network equipment in the world behind Ericsson, and the joint venture was originally created to help both Siemens and Nokia better compete on a global scale. Nokia Siemens Networks originally said that it plans to <a href="http://www.bgr.com/2011/11/23/nokia-siemens-to-slash-17000-jobs-by-2013-in-restructuring-move/">cut as many as 17,000 jobs by 2013</a>. <span id="more-124850"></span>

<a href="http://www.reuters.com/article/2012/01/31/us-nsn-jobs-idUSTRE80U0PE20120131">Read</a>

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Via BRG - Boy Genius Report