Tag Archives: Nokia Siemens

Nokia Siemens Cuts 3,500 Jobs in Brazil

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Nokia Siemens Networks ended a service deal with Oi in Brazil, resulting in 3,500 job cuts on top of 17,000 already announced.

Most of the employees involved have left the company, Ben Roome, a spokesman for Nokia Siemens, said by e-mail. Reuters reported the news earlier today.

Nokia Siemens announced a five-year field maintenance deal with Oi, the telephone services brand of Telemar Norte Leste SA (TMAR5), in 2009, taking on about 3,000 Oi and third-party employees. The company is cutting about 17,000 jobs in its main businesses as it pares business lines to focus on mobile broadband equipment and related services.

“The exit obviously contributes to our focus and cost- reduction plans,” Roome said. It doesn’t affect the company’s Sao Paulo global network operations center, he added.

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Nokia Siemens gets 1 billion Euro injection, new chairman

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Nokia and Siemens announced they will each invest another EUR 500 million in their network equipment joint venture Nokia Siemens Networks B.V.
The announcement follows an unsuccessful search for potential private equity or other investors in the loss-making company. The shareholders also announced the appointment of Jesper Ovesen as executive chairman of NSN, effective immediately. He will oversee the strategic direction of Nokia Siemens Networks “as it seeks to strengthen its position as a leader in the industry and become a more independent entity”, the companies said. He will work closely with NSN CEO Rajeev Suri and his management team. Ovesen, 54, served most recently as CFO at Danish operator TDC during the company’s restructuring process and IPO.
Olli-Pekka Kallasvuo, who has served as non-executive chairman at NSN, has elected to step down from his position as serving in a full-time capacity was not possible.

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