Home › News ›

Nokia Siemens Networks Plans Major Re-Org

Nov 3, 2009, 9:06 AM by Eric M. Zeman

Nokia Siemens Networks today announced a major restructuring that it hopes will help save the company about $740 million per year by 2011. The company is re-organizing its five business units into three, which will be: Business Solutions, Network Systems, and Global Services. The company also plans a significant workforce reduction, and it will trim its 64,000 employees down by 7% - 9% (between 4,500 and 5,800 employees). The company will target other areas to reduce costs, including real estate, IT and site optimization. Nokia Siemens Networks will also closely examine acquisitions and partnerships as a way to expand its portfolio of services.

Related

Samsung S24 Series Adds More AI, Updates the Hardware

Jan 17, 2024
Samsung has unveiled its lineup of flagship phones for 2024, the Galaxy S24 series. The phones sport multiple upgrades in both hardware and software compared to last year's models.

Samsung Puts its Best Camera Yet in the Galaxy S23 Ultra

Feb 1, 2023
Samsung has officially unveiled its new flagship phones for 2023: the Galaxy S23 series. The S23 and S23+ have modest upgrades over last year's models, while the S23 Ultra has a significantly upgraded main camera.

Nokia Refreshes Entry-Level Android Lineup for US

Jun 1, 2023
HMD Global today announced two new very affordable Nokia 4G smartphones for the US. The Nokia C110 and C300 will sell for $99 and $139, respectively.

Motorola Gets Serious About Foldables with New RAZR Lineup

Jun 1, 2023
Motorola has launched two new foldable phones, creating a lineup of 2023 razr phones with flexible display technology. The higher-end razr+ has the largest outer display of a modern flip-style phone, and is the thinnest when closed.

Qualcomm's New Chip for Entry-Level Phones Moves to 4nm

Jun 26, 2023
Qualcomm has a new Snapdragon 4 chip for entry-level phones. Snapdragon 4 Gen 2 brings improved performance and efficiency, largely thanks to a newer 4nm manufacturing process.

Comments

This forum is closed.

This forum is closed.

evrodude

Nov 3, 2009, 9:17 AM

I wish that

companies would stop laying off thousands of people when they decide to reorganize their business units. Those 4,500 to 5,800 people who would be laid off could be reassigned to other jobs in the business units that are being created.

fahrende

Would you prefer that they continue to bleed money so that everyone looses their job? Employment is always wonderful, but a sustainable job is even better and the sooner one learns that ones job is unsustainable the better off they are to go find ano...
(continues)

...

Page 1 of 1