Nokia Siemens Networks begins layoffs in Finland

  • Nokia Siemens Networks (NSN) announced on Wednesday that it would begin lay-off talks in Finland next week.

    Around 400 workers are expected to receive severance packages as part of the firm’s plans to cut costs in the wake of increasing competition from Chinese rivals and Sweden’s Ericsson.

    NSN will also cut some 2,900 jobs in Germany from its total workforce there of 9,100.

    Last year, the company, which was formed by Nokia and Siemens in 2007, announced it would cut a quarter of its global workforce.