Nokia Siemens Networks to lay off more than 4,000 workers in Europe

By on February 1, 2012 at 12:12 AM.

Nokia Siemens Networks to lay off more than 4,000 workers in Europe

Nokia Siemens Networks recently announced that it will cut as many as 1,200 jobs in Finland and lay off another 2,900 workers in Germany as it begins to restructure the company. Both Nokia and Siemens originally tried to sell the joint venture, which has struggled to report a profit, but gave up those plans this past summer. The move is expected to save €1 billion per year, Reuters said Tuesday. Nokia Siemens Networks is the second larger maker of phone network equipment in the world behind Ericsson, and the joint venture was originally created to help both Siemens and Nokia better compete on a global scale. Nokia Siemens Networks originally said that it plans to cut as many as 17,000 jobs by 2013More →

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Nokia Siemens Networks lays off 1,500 employees

By on August 5, 2011 at 7:01 PM.

Nokia Siemens Networks lays off 1,500 employees

Nokia Siemens Networks announced on Friday that it will begin to layoff 1,500 of its employees. The affected staff are part of its WiMAX and GSM divisions, and a spokesperson told Reuters that many of the employees were originally brought on as part of NSN’s infrastructure purchase from Motorola. In March, Nokia Siemens Networks tried to renegotiate the $1.2 billion deal with Motorola to leave the GSM division out of the purchase. Nokia Siemens has had trouble trying to record a profit and its two parent companies, Nokia and Siemens, recently ditched an effort to sell the joint venture. More →

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Nokia, Siemens bail on effort to sell Nokia Siemens Networks

By on July 13, 2011 at 11:00 PM.

Nokia, Siemens bail on effort to sell Nokia Siemens Networks

Nokia and Siemens have given up efforts to sell Nokia Siemens Networks, Reuters reported on Wednesday. The firms had been trying to sell the joint venture, which has had troubles reporting a profit, for the past year. “The timing for selling the unit could hardly have been worse; there are clear signs from companies like LG and ASML of European handset market descending into a slump and selling a mobile network company on the eve of a handset market downturn is a tough challenge,” MKM Partners analyst Tero Kuittinen told Reuters. Reportedly, a Siemens spokesperson also said that the firm was still looking to get out of NSN “sooner than later.” The Nokia Siemens joint venture was formed in 2007. More →

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Nokia Siemens Networks looking to renegotiate $1.2B Motorola deal

By on March 16, 2011 at 1:45 AM.

Nokia Siemens Networks looking to renegotiate $1.2B Motorola deal

Nokia Siemens Networks is trying to renegotiate a $1.2 billion network infrastructure assets purchase from Motorola, according to sources speaking to Bloomberg. In an effort to please Chinese authorities, which have delayed the purchase due to antitrust concerns, Nokia Siemens Networks is seeking to leave Motorola Solutions’ GSM unit out of the purchase, and adjust the deal accordingly. Chinese authorities began investigating the purchase after Huawei filed a lawsuit against Motorola in January — accusing Motorola of giving its intellectual property to Nokia Siemens. It’s unclear what the new purchase price will be with the GSM unit out of the equation. More →

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Huawei files lawsuit against Motorola, alleges misappropriation of trade secrets

By on January 24, 2011 at 10:57 AM.

Huawei files lawsuit against Motorola, alleges misappropriation of trade secrets

If you thought the lawsuits between OEMs were over, you’d be mistaken. Huawei Technologoies has just filed a lawsuit against Motorola claiming that the company illegally transferred Huawei’s intellectual property to another company, Nokia Siemens Networks, in the acquisition of Motorola’s wireless network business. Huawei is claiming irreperable commercial damage as Motorola has not assured Huawei that proprietary confidential information won’t be transfered or disclosed. “Since 2000, Huawei and Motorola have had a cooperative relationship in the radio access network and core network businesses, where Motorola has resold Huawei wireless network products to customers under the Motorola name,” Huawei notes in a statement. “During this period, Motorola was provided with products and confidential Huawei IP developed by Huawei’s team of more than 10,000 engineers. Since the July 2010 announcement by NSN of its purchase of Motorola’s wireless network business, Huawei has tried to ensure that Motorola does not transfer this confidential information to NSN. Motorola, however, has not responded with assurances that it will prevent disclosure of that information to NSN.” Hit the the jump for Huawei’s full statement to the press. More →

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