Nokia-Siemens Axing 17,000 Positions

Posted by Unknown on Wednesday November 23, 2011 @05:30AM from the competition-is-tough dept.

alphadogg writes with troubling news for the network hardware joint-venture between Nokia and Siemens. Quoting the article: "Struggling network infrastructure vendor Nokia Siemens Networks is planning to cut 17,000 jobs worldwide, as it aims to cut $1.35 billion from its costs by the end of 2013, the company said Wednesday. About 23% of the company's 74,000 employees will be laid off. The 4 1/2-year-old joint venture between Nokia and Siemens has been struggling to compete with Swedish Ericsson and Chinese vendor Huawei. Parent company Nokia's ongoing problems have made Nokia Siemens' situation even more difficult."

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Re:People are not the largest cost of doing busine by Anonymous Coward · 2011-11-23 07:04 · Score: 2, Funny

Exactly. That's why we need to just get rid of government altogether, so we don't have that problem! Then everything can be like it was in the 50s, when there was no government.
Moron.
Don't sign your posts! :)
Re:Missionary? by The+Askylist · 2011-11-23 07:08 · Score: 5, Funny

You could at least have said "Oh no - they're Finnished" in a first post!