Nokia Siemens to shed 17,000 staff & focus on mobile broadband

Nokia Siemens Networks has announced plans to shed 23 percent of its global workforce - some 17,000 people - and focus on end-to-end network infrastructure for mobile broadband services.

Nokia Siemens; CEO, Rajiv Suri, said: "We believe that the future of our industry is in mobile broadband and services - and we aim to be an undisputed leader in these areas. Together, we need to take the necessary steps to maintain long term competitiveness and improve profitability in a challenging telecommunications market."

He added: "Our goal is to provide the world's most efficient mobile networks, the intelligence to maximise the value of those networks, and the services capability to make it all work seamlessly. In spite of the need to restructure parts of our company, our commitment to technology and development remains unchanged, with investment in mobile broadband expected to increase over the coming years."

White paper '2020

(In August Nokia Siemens published a white paper '2020: Beyond 4G Radio Evolution for the Gigabit Experience' mapping out how it expects mobile innovation to evolve over the then decade to enable mobile networks to have 1000 times the capacity they have today, at a cost per bit delivered in other words one thousandth of the present cost.)

The company says it aims to shave EUR 1 billion from its operating expenses and production overheads by the end of 2013, compared to the end of 2011, largely from "organisational streamlining". Nevertheless it says it will as well target real estate, information research, product and service procurement costs, overall general and administrative expenses, and significantly reduce the number suppliers in its drive to furthermore lower costs and improve quality. CONTINUED

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