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As expected - Nokia Siemens to Cut 9,00

Monday, 7. May 2007, 17:35:28

No surprise here I guess.. what happens when you get one giant taking over another one?? Job cuts naturally... looks like the pink slips will be going out soon.. .this from Unstrung... The vendor has said all along that cuts of between 6,000 and 9,000 would be made during the next few years, a process that will help it achieve savings of €1.5 billion per year by the end of 2010. Now it's clear the reductions will be at the top end of that proposed range. Source: http://www.lightreading.com/document.asp?doc_id=123258&site=nxtcomm

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