Siemens to slash nearly 2,000 jobs

January 30, 2010 · Filed Under News · Comment

German conglomerate Siemens has planned to slash close to 2,000 jobs at its various divisions in Germany as part of restructuring measures.

These measures are reportedly being taken due to the decline in the market for certain products.

According to the German company, as many as 1,140 jobs could be eliminated till the year end at its Drive Technologies Division. “By the end of 2012, a total of roughly 840 jobs at the Division’s location in Bad Neustadt an der Saale (Germany) are to be cut,” it announced.

Further in a statement, it added, “At the Division’s Erlangen (Germany) location, some 300 jobs are to be eliminated.”

Another 850 jobs would be slashed at the Industry Solutions Division.

Tags: jobs, Siemens

Nokia to cut 220 R&D jobs

November 24, 2009 · Filed Under News · Comment

Nokia, the world’s largest mobile phone maker, announced on Tuesday that the company is planning to slash around 220 jobs in Japan as part of its plans to streamline its vast research and development operations.

in a statement released on Tuesday, the Finland based company said, “As part of its global efforts to align its research and development (R&D) operations to be in line with its focused portfolio of future products, Nokia will be reducing its R&D activities in Japan.”

Earlier, Nokia announced last week that about 330 employees at its research and development units in Denmark and Finland would be made redundant. At present, the Finnish company employs about 17,000 people in research and development worldwide.

Tags: jobs, lay-off, Nokia

Nokia Siemens to cut 5,800 jobs

November 9, 2009 · Filed Under News · Comment

World’s largest yet the struggling telecom equipment maker Nokia Siemens Networks aims to cut up to 5,800 jobs and save more than USD 1.48 billion, (1 billion euros) to stay afloat in the market, specially against the Chinese counterparts.

The company is also looking to rejuvenate its operations expecting to gain from its stronger position in offering services to operators.

Pal Zarandy, partner at telecoms consultancy Rewheel observes, “To match the commercial flexibility demonstrated by Chinese vendors, NSN had to cut back its production, R&D and overhead costs.”

Last month market leader Sony Ericsson too reported third-quarter earnings below expectations.

NSN, a joint venture of Nokia and Siemens, said it aimed to cut 500 million euros in annual fixed costs by the end of 2011, slashing up to 5,800 of the firm’s 64,000 staff.

Tags: jobs, Nokia, recession