Nokia Siemens to Cut 17,000 Jobs

Network equipment maker Nokia Siemens Networks Wednesday said it will cut 17,000 jobs globally in a bid to reduce operating costs by ?1 billion by the end of 2013, part of a major restructuring that will see the company focus on mobile broadband and services.

Source: http://allthingsd.com/20111123/nokia-siemens-to-cut-17000-jobs/

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