Networks Tuesday said it will lay off 1,250 employees in Finland and Germany as part of a previously announced cost-cutting plan.
The company said the job cuts will affect 750 employees in the Finish cities Espoo, Tampere and Oulu, as well as 500 staff at the Hofmannstrasse office in Munich, Germany.
The company, a joint venture between Nokia Corp. and Siemens AG, said the layoff notices were part of the planned 9,000 job cuts announced when the joint venture was formed in June, 2006.
It said it has so far reduced the number of employees by a total of 6,000.
Included in that was a job cut of 2,300 staff in Germany, which was concluded in May 2008. However, the company said new assessments of cost-cutting requirements and "continued challenging telecommunications market conditions" meant it had to continue the reduction now.
Nokia Siemens Networks also said it has reached an agreement to sell its manufacturing site in Durach, Germany to the current management of the plant, which will result in a transfer of around 500 employees.
Some 50 jobs in Egypt and 20 jobs in the United States will also be cut, and the company said other countries should also expect to see small staff reductions.
11:21 AM |
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11:19 AM |
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Here are two press releases I got today for Nokia Siemens. First, some news about how they're doing more than just voice communications with the powering of mobile television services in Switzerland.
Bern, Switzerland / Espoo, Finland - May 19, 2008
Swisscom's high-end Bluewin mobile television service powered by Nokia and Nokia Siemens Networks
High-quality mobile TV technology and comprehensive services from Nokia and Nokia Siemens Networks enable Switzerland's biggest service provider to expand its multimedia offering to the mobile world
Swisscom has launched its mobile television service, Bluewin TV mobile, in Switzerland to become one of the first European providers to offer high-quality television experience to its mobile customers. Working together, Nokia and Nokia Siemens Networks enabled this service with their leading-edge mobile TV technology, services and expertise.
Bern, Switzerland / Espoo, Finland - May 19, 2008
Swisscom's high-end Bluewin mobile television service powered by Nokia and Nokia Siemens Networks
High-quality mobile TV technology and comprehensive services from Nokia and Nokia Siemens Networks enable Switzerland's biggest service provider to expand its multimedia offering to the mobile world
Swisscom has launched its mobile television service, Bluewin TV mobile, in Switzerland to become one of the first European providers to offer high-quality television experience to its mobile customers. Working together, Nokia and Nokia Siemens Networks enabled this service with their leading-edge mobile TV technology, services and expertise.
11:18 AM |
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New global network leader for fixed-mobile convergence
- Companies form Nokia Siemens Networks with 2005 calendar year pro forma revenues of EUR 15.8 billion.
- 50-50 joint venture to consist of Nokia's Networks Business Group and Siemens' carrier-related operations for fixed and mobile networks.
- Broad scale advantages, leading "quadruple play" product portfolio and worldwide presence.
- Market strength and leading position in fixed-mobile convergence.
- Estimated cost synergies of EUR 1.5 billion annually by 2010.
- Simon Beresford-Wylie to become chief executive officer and Peter Schönhofer to become chief financial officer.
Nokia and Siemens today announced that they intend to merge the Networks Business Group of Nokia and the carrier-related operations of Siemens into a new company, to be called Nokia Siemens Networks. The 50-50 joint venture will create a global leader with strong positions in important growth segments of fixed and mobile network infrastructure and services.
- Companies form Nokia Siemens Networks with 2005 calendar year pro forma revenues of EUR 15.8 billion.
- 50-50 joint venture to consist of Nokia's Networks Business Group and Siemens' carrier-related operations for fixed and mobile networks.
- Broad scale advantages, leading "quadruple play" product portfolio and worldwide presence.
- Market strength and leading position in fixed-mobile convergence.
- Estimated cost synergies of EUR 1.5 billion annually by 2010.
- Simon Beresford-Wylie to become chief executive officer and Peter Schönhofer to become chief financial officer.
Nokia and Siemens today announced that they intend to merge the Networks Business Group of Nokia and the carrier-related operations of Siemens into a new company, to be called Nokia Siemens Networks. The 50-50 joint venture will create a global leader with strong positions in important growth segments of fixed and mobile network infrastructure and services.
11:13 AM |
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German engineering conglomerate Siemens, rocked by the worst bribery scandal in the country’s history, won a court ruling on Friday reversing a $56 million fine against the Munich-based company.
Previously, a lower court ordered the company to pay back millions of dollars in profits after two former managers pleaded guilty to paying bribes to win orders from the Italian Enel Group. Now the highest tribunal in Germany, the Federal Court of Justice, instructed a lower court in Darmstadt to rehear the case against the former executives, who forwarded $8.9 million to staff of the Italian electricity company in 2000.
The court threw out the judgment against Siemens and lifted the bribery convictions, according to the court’s website. The court didn’t challenge that the payments were made. However, before 2002, bribery was only a crime if it harmed competition between German companies, the judges said. As no other German company bid for the order and Enel was not a government agency, the payments didn’t constitute corruption at the time, the judges said. Here’s a Reuters report on the ruling.
A success for Siemens? Perhaps. But in its ruling the court made clear that the main defendant won’t get off lightly, as the money was funneled through slush funds in order to win the gas turbine orders valued at more than 100 million euros. Hiding money in hidden accounts already constitutes improper use of funds, the court ruled, and stated that executives who use them can be convicted of a breach of trust.
Previously, a lower court ordered the company to pay back millions of dollars in profits after two former managers pleaded guilty to paying bribes to win orders from the Italian Enel Group. Now the highest tribunal in Germany, the Federal Court of Justice, instructed a lower court in Darmstadt to rehear the case against the former executives, who forwarded $8.9 million to staff of the Italian electricity company in 2000.
The court threw out the judgment against Siemens and lifted the bribery convictions, according to the court’s website. The court didn’t challenge that the payments were made. However, before 2002, bribery was only a crime if it harmed competition between German companies, the judges said. As no other German company bid for the order and Enel was not a government agency, the payments didn’t constitute corruption at the time, the judges said. Here’s a Reuters report on the ruling.
A success for Siemens? Perhaps. But in its ruling the court made clear that the main defendant won’t get off lightly, as the money was funneled through slush funds in order to win the gas turbine orders valued at more than 100 million euros. Hiding money in hidden accounts already constitutes improper use of funds, the court ruled, and stated that executives who use them can be convicted of a breach of trust.
11:09 AM |
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Ever hold a ten megapixel cameraphone? Naw, neither had we, not until today anyway. Straight from the floor at CeBIT, we've got the Samsung SCH-B600 with an integrated 10 megapixel shooter. It's never gonna come anywhere close to the US or Europe so nuzzle up to your monitor real close-like and take in this beauty. Click on for more pics.
11:06 AM |
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Motorola introduces its newest QWERTY, the MOTO Q™ 9h Windows Mobile® 6 Standard. This sleek and robust device is packed with power, functionality and offers a cool design that satisfies the appetite of gadget lovers, business professionals and even fashion conscious consumers. The MOTO Q™ 9h is more than just a device — it’s a statement of power and personality. Its precise and compelling form factor highlights the devices’ visual appeal and feel. Within its lean form lies High-Speed Downlink Packet Access (HSDPA) technology for lightening fast speed and immediate downloading capabilities. The MOTO Q™ 9h offers a host of features such as access to corporate and personal.¹ Personal and Corporate Microsoft Exchange instant messaging are also viewable from the home screen.¹ With advanced imaging, music functionality, integrated stereo Bluetooth® wireless technology² and ample memory, the MOTO Q™ 9h is a mobile revolution at your fingertips!
11:04 AM |
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Motorola has recently received a patent for a completely silent way of alerting users to incoming calls and messages. No, this isn't the usual vibrating system - the Motorola patent involves alerting the owner using mild electric shock.
The system, not unlike the massage and weight loss systems currently available on the market today, uses a small pad containing electrodes that are wirelessly linked to a handset. When an event occurs on the handset, an electric potential is placed across the electrodes, stimulating the skin and underling muscles, thus alerting the wearer.
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- HELSINKI — Nokia Siemens
- Nokia Siemens News for Monday
- Nokia and Siemens
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- MOTO Q
- Shocking New Silent Alert System
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