Nokia Siemens has announced that it is cutting 17,000 jobs. The struggling telecoms firm was forced to axe 23% of its workforce to reduce operating costs by 1bn euros (£860m). "As we look towards the prospect of an independent future, we need to take action now to improve our profitability and cash generation," said Nokia Siemens Networks CEO Rajeev Suri. "These planned reductions are regrettable but necessary - and it is our goal to make them in a fair and responsible way, providing (more)...
- 11/23/2011
- by By Mark Langshaw
- Digital Spy
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