Nokia Siemens Networks is eliminating 17,000 jobs worldwide by 2013, approximately 23 percent of its work force, with a goal to cut costs by Euro $1 billion by the end of 2013, compared to the end of 2011. The Finnish-German joint venture also plans to significantly reduce suppliers.

Nokia Siemens Networks puts mobile broadband and services at the heart of its strategy moving forward.

“We believe that the future of our industry is in mobile broadband and services,” said Rajeev Suri, chief executive officer of Nokia Siemens Networks, in a statement. “At the same time, we need to take the necessary steps to maintain long-term competitiveness and improve profitability in a challenging telecommunications market. 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.”

Nokia’s personnel reductions will be driven by aligning the company’s workforce with its new strategy as well as through a range of productivity and efficiency measures, including: elimination of the company’s matrix organizational structure; site consolidation; transfer of activities to global delivery centers; consolidation of certain central functions; cost synergies from the integration of Motorola’s wireless assets; efficiencies in service operations; and company-wide process simplification.

The total global workforce of Nokia Siemens Networks on November 1 was approximately 74,000.

The Daily

Subscribe
Thursday–December 12

People

Imagine Communications CEO Tom Cotney announced he’ll retire effective March 31. He’ll stick around, however, as the non-executive chairman of the board, where he’ll support customer commitments, advise

Read the Full Issue
The Skinny is delivered on Tuesday and focuses on the cable profession. You'll stay in the know on the headlines, topics and special issues you value most. Sign Up

Calendar

Apr 16
Cablefax 100 Awards Nominations Open November 13th, 2024.
Full Calendar

Jobs

Seeking an INDUSTRY JOB or hiring for one?
VIEW JOBS

In conjunction with our sister brand, Cynopsis, we are offering hiring managers a deep pool of media-savvy, skilled candidates at a range of experience levels and sectors. The result will be an even more robust industry job board, to help both employers and job seekers.

Contact Carley Ashley, [email protected], for more information about posting a job on the website and our Jobs newsletter, sent twice weekly to 85,000 media professionals.