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Nokia & Siemens To Merge Network Business

Posted by ryuzaki0 on from the joining-together-to-become-more-powerful dept.

An anonymous reader writes "Nokia and Siemens are joining forces in fixed and mobile network businesses to create a new global player, Nokia Siemens Networks. Based in Finland, the new company will have a revenue of 15.8 billion euros, and a workforce of 60.000 (before the projected "synergy benefits", that will cut costs 1,5 billions euros, and make 10-15 per cent of employees redundant, that is). More info in their press release." There's been other information released in the media as well.

3 of 47 comments (clear)

  1. Bean counters by SpaghettiPattern · · Score: 2, Funny

    make 10-15 per cent of employees redundant
    Don't worry guys, those usually are the bean counters. People that do real work usually aren't fired.

    Kill the bean counter contributions are always save bets on /.

    --

    I hadn't the slightest objection to his spending his time planning massacres for the bourgeoisie... (P.G. Wodehouse)
  2. Wow, a press release about a merger! by Anonymous Coward · · Score: 0, Funny

    I don't know about you guys, but I'm so exited about this I can hardly contain myself!

  3. Has a nice ring to it... by djupedal · · Score: 2, Funny

    NSN...

    Too bad it wasn't 'Lokia & Siemens' tho, then it would be LSN and right in line in front of MSN in the yellow pages :)

    http://www.nsn.com/ - ouch ...maybe http://www.nsn.mobi/ - nope, that one is up for grabs...can't believe they spent all that money and let the perfect url slip away. Not a very auspicious start boys.