The « mega-merger » of Siemens’ and Nokia’s « telephone network » businesses should lead to the cut it 9000 jobs

The Finnish Nokia and the German Siemens have announced the merger of the their telephone equipement and network businesses (excluding the cellphones) for the end of 2006. A 10 to 15% cut in workforce is to take place during the upcoming years. The union IG Metall talks about a « heavy strategic mistake ». (Ref 06625)

Through . Published on 20 June 2006 à 10h44 - Update on 26 March 2013 à 17h10

The new entity that stems from the grouping together of the telephone and network equipment businesses will be called Nokia Siemens Networ and will be the third in the sector (1st : Ericsson,…

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