Nokia Siemens (NOK)(SI) Trims Nearly 1,000 Positions in Finland
Tweet
Share
E-mailGet Alerts NOK Hot Sheet
Up)Join SI Premium – FREE
Nokia Siemens (NYSE: NOK)(NYSE: SI) is commencing its plans to reduce headcount, starting in Nokia's homeland of Finland.
According to reports out Thursday, the collaboration will cut about 924 jobs in Finland as it looks to streamline ops and reduce costs. Last November, Nokia Siemens announced an initative to reduce its headcount by 17,000 positions, a total elimination of 23 percent of its workforce.
Projections had Nokia Siemens cutting about 1,200 in January in Finland.
According to reports out Thursday, the collaboration will cut about 924 jobs in Finland as it looks to streamline ops and reduce costs. Last November, Nokia Siemens announced an initative to reduce its headcount by 17,000 positions, a total elimination of 23 percent of its workforce.
Projections had Nokia Siemens cutting about 1,200 in January in Finland.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Midday movers: Meta, IBM, Caterpillar fall; Chipotle rises
- Knightscope (KSCP) to Present to Members of Congress at Hart Senate Office Building
- Roper's (ROP) iPipeline Appoints Adam Boone as CFO
Create E-mail Alert Related Categories
Corporate NewsRelated Entities
LayoffsSign 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!
