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Layoffs abound in Nokia Siemens and Nokia

Posted: 27 Mar 2012 ?? ?Print Version ?Bookmark and Share

Keywords:Nokia? Nokia Siemens? job cuts?

Nokia Siemens and German union groups have reached a deal in the layoff of 1,600 people in Munich, Germany. The job cuts are part Nokia Siemens' on-going restructuring program that includes 17,000 layoffs worldwide.

German trade union IG Metall said it had agreed with the company that it would keep its German headquarters in Munich and continue to employ around 2,000 people there. For the other 1,600 employees working in there, alternative solutions would be found, including part-time contracts for those who are approaching the age of retirement. A statement on IG Metall's website said the agreement would be valid for three years.

Stiff competition from its Ericsson and other Chinese companies has pushed Nokia Siemens to cut a quarter of its workforce.

Cellphone manufacturer Nokia is also facing operations revamp and plans to lay off around 4,000 jobs globally. The company has just finished job cut talks with its staff at its Salo, Finland plant where around 1,000 people will say goodbye to their jobs. The remaining staff at the plant will focus on tailoring models for European operators.

According to Nokia, the jobs at its cellphone manufacturing plant in Western Europe will be cut gradually through 2012, with most cuts happening by the end of June.

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