Nokia Siemens sackings
By Sumir Singh

Nokia Siemens Networks has announced that it plans to put mobile broadband and services at the heart of its strategy.  As part of fine tuning its strategy, the company plans to sack 17,000 of its employees.

“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,” said Rajeev Suri, chief executive officer of Nokia Siemens Networks. “At the same time, we need to take the necessary steps to maintain long term competitiveness and improve profitability in a challenging telecommunications market.”

Nokia Siemens Networks plans to realign its business to focus on mobile broadband (including optical), customer experience management and services. The company’s Services organization will further strengthen its global delivery system. Business areas not consistent with the new strategy are planned to be divested or managed for value. Quality and innovation will continue to be priorities for the company, with ongoing investment in both areas.

As per their plan to cut expenses by Euro 1 Billion by the end of 2013, every division of the company including Information Technology will be under the scanner.