Source: Nokia Siemens to slash jobs in China
- By Yang Xi
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China.org.cn, November 25, 2011
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For the second quarter this year, Nokia Siemens reported revenue growth of 64 percent in the Asian-Pacific region, and sales of 400 million euros in Greater China, up 25 percent compared with the first quarter. [File Photo] |
Wireless equipment maker Nokia Siemens Networks will slash 4,000 jobs in China, according to the source familiar with the case, China Business News reported Friday.
However, the company said Thursday that it had not made any decision on redundancy plan in China.
Globally, Nokia Siemens is slashing 17,000 jobs, nearly a quarter of its workforce, to help save about 1 billion euros (US$1.35 billion) a year.
The company said it will focus on mobile broadband and services in the future.
For the second quarter this year, the company reported revenue growth of 64 percent in the Asian-Pacific region, and sales of 400 million euros in Greater China, up 25 percent compared with the first quarter.
Nokia Siemens was formed by Finnish group Nokia and German conglomerate Siemens in the hope of building enough scale to lead an industry dominated by Swedish company Ericsson and Chinese entrants.
China's business press carried the story above on Friday.
