Nokia Siemens to cut 17,000 jobs as part of global restructuring
11/23/2011
Nokia Siemens intelligent retrieval has just announced a new global restructuring initiative that will result in the loss of a whopping 17,000 jobs. as it should be to a assertion released today, the company will "realign its mtier to focus on mobile broadband (including optical), consumer materialistic direction and services." To achieve this, Nokia Siemens plans to reduce its general expenses expenses and overhead costs by about €1 billion and its workforce by nearly a quarter -- both by the end of 2013. The company explained the job cuts thusly:
"These planned reductions are anticipated to be driven by aligning the company's workforce with its new craft as well as through a range of productivity and efficiency measures. These planned measures are anticipated to include elimination of the company's matrix organizational structure, site consolidation, shift
roget's ii: the new thesaurusmain entry:move
part of speech:verb
definition:to change one's residence or place of business of activities to global rescue centers, consolidation of certain central functions, cost synergies from the integration of Motorola's satellite telephone assets, efficiencies in service operations, and company-wide process simplification."
No word yet on which unaligned nations will receive the brunt of the blow, though the company says it will launch local re-training and re-employment programs in mannered areas. The mass layoff is only the latest in a recent spate of Nokia-related cuts, and indisputable to Nokia Siemens CEO Rajeev Suri, it's lamentably necessary. "As we look towards the prospect of an self-contained future, we need to take action now to improve our profitability and cash generation," the exec said. "These planned reductions are afflictive but necessary - and it is our goal to make them in a fair and trusty
roget's ii: the new thesaurusmain entry:liable
part of speech:adjective
definition:legally obligated.
accountable way, on condition the support we can to employees and communities." Full press release after the break.
Continue reading Nokia Siemens to cut 17,000 jobs as part of global restructuring
Nokia Siemens to cut 17,000 jobs as part of global restructuring primarily appeared on Engadget on Wed, 23 Nov 2011 07:32:00 EDT. Please see our terms for use of feeds.
Permalink | |Email this|CommentsMore: - Continued here
Share and enjoy
Post Comment
Entry 1 of 7838
Last Page | Next Page