Nokia Siemens Networks planning 9,000 redundancies


Nokia Siemens Networks planning 9,000 redundancies

Antony Savvas

Nokia Siemens Networks is planning to axe 9,000 jobs from its combined 60,000 headcount, following the completion of the two networking firms’ merger.

Before the merger was completed, the two companies last year said they saw potential job losses of between 10% and 15%, and they say the confirmed total is in line with this estimate.

Nokia Siemens Networks is now in talks with unions and works councils over the losses, with the majority outside Finland and Germany, headquarters for Nokia and Siemens respectively.

The global firm has not confirmed where the other job losses will be, and has only confirmed it plans to initially make 700 redundant in Finland, with this figure set to rise to 1,700 by the end of 2010 - from an initial base of 10,000.

In addition, in Germany, the firm expects to axe 2,800 to 2,900 employees between now and the end of 2010, from an initial base of around 13,000.  

That leaves at least 4,400 jobs to be axed elsewhere.

The cuts are being made as part of the firm’s target to achieve synergy savings of up to £1.04bn annually by the end of 2010.

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