Nokia Siemens to cut 300-400 U.S. jobs

On the heels of Friday's announcement that telecom equipment maker Nokia Siemens Networks would cut about 9,000 jobs worldwide, a company spokeswoman today confirmed that 300 to 400 of those job cuts would occur at Nokia Siemens North America in 2007. In addition, more job reductions are possible in 2008 through 2010.

The streamlining and cost cutting measures are part of the company's global initiative to cut its workforce by 9,000 by 2010. In February at the 3GSM World Congress in Barcelona, Nokia Siemens Networks executives said that the company's goal was to be No. 1 or No. 2 in telecom equipment sales and realize $1.5 billion euros in synergies by 2010.

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