EMCC European Monitoring Centre on Change

Nokia Siemens Networks

Company/Organisation:
Nokia Siemens Networks

Geographic Location

Country: World

Company

Sector: Information / communication
Telecommunications
61 - Telecommunications
Number Employed: 60200

Employment Effects

Announcement Date: 12-11-2008
Planned Job Reductions min: 1820
Planned Job Reductions max: 1820
Type of Restructuring: Internal restructuring
Employment Effect Start: 12-11-2008
Direct Dismissals: 1820

Additional Information

Nokia Siemens, the joint venture telecommunication networks, has announced that it is to cut 1,820 jobs, mainly in Finland and Germany. The company which currently employs 60,200 employees around the world, is undergoing its restructuring plan and is planning to dismiss 750 people in Finland and to close one centre in Germany (Munich) with 500 workers and to sell another German business unit with 500 employees to its local management. The remaining job cuts are to be implemented in Egypt and United States.