Nokia Siemens Networks restructuring


Nokia Siemens Takes Drastic Steps to Cut Costs

Struggling telecom equipment supplier Nokia Siemens Networks (NSN) said Tuesday it will slash annual costs by euro500 million ($740 million). To do so, it will condense its business units from five to three and lay off up to 6,000 workers. NSN also will stay on the alert for merger and acquisition opportunities. The news comes […]

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