{"id":10304,"date":"2009-11-03T14:05:00","date_gmt":"2009-11-03T12:05:00","guid":{"rendered":""},"modified":"2009-11-03T14:05:00","modified_gmt":"2009-11-03T12:05:00","slug":"nokia-siemens-networks-to-lay-off-up-to-5700","status":"publish","type":"post","link":"https:\/\/mybroadband.co.za\/news\/telecoms\/10304-nokia-siemens-networks-to-lay-off-up-to-5700.html","title":{"rendered":"Nokia Siemens Networks to lay off up to 5700"},"content":{"rendered":"<p>The mobile network equipment maker says it will reorganize units, reduce overheads, expand its portfolio and consider acquisitions &#8220;where assets would add scale to existing product areas or customer relationships.&#8221;&nbsp;<\/p>\n<p>The Finnish-German joint venture owned by mobile phone maker Nokia Corp. and industrial conglomerate Siemens AG has been struggling in the recession. It said Tuesday it targets annual cuts in &#8220;operating expenses and production overheads of &euro;500 million by the end of 2011 compared to the end of 2009.&#8221;<\/p>\n<p>The company said the savings may include cutting 7 to 9 percent of its current work force of approximately 64,000 employees.<\/p>\n<p><a href=\"http:\/\/mybroadband.co.za\/vb\/showthread.php?p=3305251#post3305251\">Nokia Siemens Networks to lay off up to 5700&nbsp;<\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nokia Siemens Networks says it will lay off up to 5,700 workers globally as part of a move to cut annual costs by \u20ac500 million($740 million).<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"idle","_sma_x_autopost_error":"","_sma_x_post_id":"","_sma_facebook_post_id":"","_sma_instagram_post_id":"","_sma_threads_post_id":"","_sma_x_attempts":0,"footnotes":""},"categories":[3],"tags":[],"class_list":["post-10304","post","type-post","status-publish","format-standard","hentry","category-telecoms"],"_links":{"self":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/10304"}],"collection":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/comments?post=10304"}],"version-history":[{"count":0,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/10304\/revisions"}],"wp:attachment":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media?parent=10304"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/categories?post=10304"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/tags?post=10304"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}