Nokia Siemens to cut workforce by 17,000
Telecoms infrastructure joint venture Nokia Siemens Networks will cut its global workforce by 17,000 in a bid to shed €1 billion in costs by 2013.
Nokia this morning announced that it will cut 4,000 jobs at factories in Hungary, Mexico and Finland as part of an ongoing review of its smartphone manufacturing operations intended to boost the company's competitiveness in the global market.