Nokia & Siemens To Merge Network Business

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.

Comments

And that's a good thing?

[hellfire]

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 /.

Maybe then slashdotters, including yourself, should grow a heart then?

Job loss is Job loss. I'm not an accountant but accounting is an important job. Yes I know, accountants are the mortal enemies of IT by being bean counters, but those are usually the managers and execs who control the purse strings, and they are evil because they are know nothing managers, not because they are accountants. The accounting "grunts" who work the spreadsheets, record the money, and take the calls are the not your enemies, and they are also the same people who typically get the axe.

Actually the other division who typically get the axe are the IT people, so don't think you as a typical slashdotter is safe.