Nokia Siemens Networks lays off 1,500 employees
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Nokia Siemens Networks announced on Friday that it will begin to layoff 1,500 of its employees. The affected staff are part of its WiMAX and GSM divisions, and a spokesperson told Reuters that many of the employees were originally brought on as part of NSN’s infrastructure purchase from Motorola. In March, Nokia Siemens Networks tried to renegotiate the $1.2 billion deal with Motorola to leave the GSM division out of the purchase. Nokia Siemens has had trouble trying to record a profit and its two parent companies, Nokia and Siemens, recently ditched an effort to sell the joint venture. »read more
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