Nokia Siemens Networks To Start Job Cutting Amid Sell-Off Talks

Nokia Siemens Systems said today it will begin speaks to lay-off around 400 employees in the coming weeks time, as the organization is constantly on the cut costs across its international functions.

The approximated 400 employees are required to get severance offers, according to Reuters, as part of the company's move to rebuild the organization to make it eye-catching to potential customers.

The Helsinki, Finland-based partnership between Nokia and Siemens, established in 2007, said in Nov that it would cut close to a one fourth of its employees by 2013 -- around 17,000 tasks in total -- in a bid to save up to €1 billion dollars ($1.29bn).

Nokia Siemens Systems, currently it all biggest in the world after Ericsson, Huawei, and Alcatel-Lucent, said this weeks time was in speaks with various companies to sell its organization support systems (BSS) device, as the organization looks to cut its products and focus on special high speed internet.

It was sailed recently that Ericsson could be looking to buy the BSS department and that the biggest telecommunications company was in "pole position" to breeze up the profit-making Nokia Siemens department.

The organization has already marketed off its wired system equipment, and cast off its WiMAX projects once the industry dropped in support of Lengthy Phrase Development (LTE) technology for next-generation 4G networks.

The international reorientating strategy carries on as the organization wants to sustain its long-term competition and improve success in a "challenging telecommunications industry." Soon before the strategy was declared, Nokia cut 3,500 tasks across the phone company's international organization in what the organization described as "painful, yet necessary."
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