Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Maurice Winn who wrote (23760)	10/10/2007 2:11:57 AM
From: elmatador	Respond to of 217742

this is why companies move to China. The joint venture, which was launched on April 1 of this year, has already cut 9,000 out of a total of 60,000 jobs; 2,290 members of staff had been made redundant in Germany, the paper observes. ELMAT: They procrastinate until there are nothing else to salvage. The they go knocking at TJ' door asking for a solution to move into China Nokia Siemens Networks had in addition announced that in response to expressions of dissatisfaction about the performance of the young company by both parent companies, Nokia and Siemens, it would be intensifying its cost-cutting efforts, the newspaper goes on to say. Nokia Siemens announces further job cuts The telecommunications infrastructure supplier Nokia Siemens is according to information gleaned by the Frankfurter Allgemeine Sonntagszeitung, the weekend edition of the business daily Frankfurter Allgemeine Zeitung, keen to intensify the job-cutting efforts involving its German locations. To facilitate the additional layoffs the German-Finish company had engaged a number of advisors, the paper writes. When questioned about the report a spokesman of the group refused to comment. The joint venture, which was launched on April 1 of this year, has already cut 9,000 out of a total of 60,000 jobs; 2,290 members of staff had been made redundant in Germany, the paper observes. Nokia Siemens Networks had in addition announced that in response to expressions of dissatisfaction about the performance of the young company by both parent companies, Nokia and Siemens, it would be intensifying its cost-cutting efforts, the newspaper goes on to say. Within the context of the endeavors to streamline the company the group had at the beginning of the month announced that IBM Global Engineering Solutions would be taking over up to 235 of the staff currently employed at the research facilities of Nokia Siemens Networks in Munich in Berlin. In his account of the state of the group after 100 days at its helm Siemens CEO Peter Löscher had indicated that he had little patience with the Nokia Siemens subsidiary. (anw/c't)