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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.

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Comments

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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)

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