Nokia Siemens Networks Reduces Workforce by 300 at Espoo Facility (NOK) (SI)
Tweet
Share
E-mailGet Alerts NOK Hot Sheet
Join SI Premium – FREE
According to Finnish news source YLE, Nokia Siemens -- a joint venture of Nokia Corp. (NYSE: NOK) and Siemens AG (NYSE: SI) -- is said to have cut 300 jobs at its Espoo, Finland unit.
YLE said the employees opted for a voluntary departure package.
NSN and 400 employees entered negotiations last September. Though the company said no new cuts are coming, at least one shop steward isn't as confident. He said working at NSN has become so unstable that the new statutory negotiations weren't a surprise.
Espoo is also where Nokia's headquarters is located.
YLE said the employees opted for a voluntary departure package.
NSN and 400 employees entered negotiations last September. Though the company said no new cuts are coming, at least one shop steward isn't as confident. He said working at NSN has become so unstable that the new statutory negotiations weren't a surprise.
Espoo is also where Nokia's headquarters is located.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Nokia to cut most of China workforce by year end, report says
- Farm equipment maker seen topping forecasts as commodity trends improve
- China tech giant’s AI bet faces test as cloud growth accelerates
Create E-mail Alert Related Categories
Insiders' BlogSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
