Reuters: Technology News: Nokia Siemens Networks to begin job cutting in Finland

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Nokia Siemens Networks to begin job cutting in Finland Sep 12th 2012, 10:40 Tweet Share this Email Print Related News UPDATE 1-Nokia Siemens Networks to begin job cutting in Finland 6:35am EDT Nokia Siemens in talks to sell business support unit: CEO Tue, Sep 11 2012 Nokia to start selling make-or-break smartphone in November Fri, Sep 7 2012 New Windows phones from Nokia disappoint investors Wed, Sep 5 2012 A red traffic light is seen next to the German headquarters of Nokia Siemens Networks in Munich January 31, 2012. Credit: Reuters/Michael Dalder HELSINKI | Wed Sep 12, 2012 6:40am EDT HELSINKI (Reuters) - Nokia Siemens Networks said on Wednesday it will begin lay-off talks in Finland next week, with around 400 workers expected to get severance packages as part of its global cost-cutting program. The company, formed by Nokia and Siemens in 2007, said last November that it wanted to cut a quarter of the group's workforce as it struggles to make a profit amid fierce pricing competition from Chinese rivals and Sweden's Ericsson. NSN also said earlier this year it would cut about 2,900 jobs in Germany from its total workforce there of 9,100. (Reporting by Helsinki Newsroom; Editing by Greg Mahlich) Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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