It's Friday, and Nokia Siemens Networks officially came to fruition about a month ago. Now the telecom equipment maker is pulling the trigger on its previously announced plan to lay off 9,000 workers worldwide, some 15 percent of its workforce. The cuts include 2,900 jobs in Germany and up to 1,700 in Finland. The layoffs should help the venture save about $2 billion by the end of 2010.
For more on Nokia Siemens layoffs:
- see this article from the AP