| Nokia Siemens to Lay Off 1,250 Workers |
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| Written by Mike Buetow | |||
| Tuesday, 11 November 2008 09:19 | |||
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HELSINKI — Nokia Siemens Networks will
lay off 1,250 employees in Finland and Germany as part of a previously
announced cost-cutting plan. The cuts bring the total to 7,250 workers sacked since June 2006. The company also announced a management buyout is in place for its manufacturing site in Durach, Germany. The MBO could save up to 500 jobs. Elsewehere, Nokia Siemens will layoff 50 workers in Egypt and 20 in the US, plus a relative handful more in unspecified other nations.
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| Last Updated ( Tuesday, 11 November 2008 09:42 ) |
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