Network infrastructure vendor Alcatel-Lucent plans to cut 5,000 jobs as part of a cost reduction process. The firm is eyeing cost savings of €1.25bn after posting a net loss of €254m in its 2Q12 earnings result. The vendor has already committed to cutting €500m costs but has now launched a Performance Program in a hope to bring total savings to €1.25 billion by the end of 2013.
Swedish vendor Ericsson has completed a series of redundancies in its home market which were first announced in November last year. 1,399 positions were cut at nine of Ericsson’s Swedish sites, with the majority in the Networks part of the business. The cuts resulted in 919 employees losing their jobs
Struggling handset manufacturer Sony Mobile Communications on Thursday announced plans to reduce its global head count by 15 per cent or about 1,000 staff, as it reboots its operation structure. To further distance itself from the failed partnership with Ericsson, Sony Mobile will also move its corporate headquarters and certain other functions from Lund, Sweden, to Tokyo, Japan.
Deutsche Telecom’s US mobile operation, T-Mobile USA, is to cut a further 900 jobs, following the unit’s failed $39bn purchase by AT&T late last year. The latest cuts come on top of around 1,900 job losses announced earlier this year.
US carrier Verizon Communications announced plans to cut a further 13,000 fixed line staff this year, as operating income for the fourth quarter of 2009 dropped 11.5 per cent year on year.
Handset manufacturer Sony Ericsson has launched a cross platform development tool catering to Android and Symbian developers.
Infrastructure vendor Nokia Siemens Networks (NSN) said Tuesday that almost 6,000 staff face the axe as it seeks to reduce annualised operating expenses and production overheads by €500m by the end of 2011.
The fortunes of flagging handset vendor Sony Ericsson improved a little during the second quarter of 2009, with the firm reporting a loss of Eur213m, compared to a profit of Eur6m for the same period last year.
Brendan O’ Mahony, chief executive of the Institute of Telecommunications Professionals (ITP) talks about key issues affecting telecommunications workers.
Finnish handset vendor Nokia, the world’s largest in terms of shipments, announced plans to cut 490 positions on Tuesday as part of its belt tightening strategy.
UK incumbent carrier BT is to slash around 15,000 jobs as it struggles to offset weaknesses in its Global Services division.
Kuwait-based carrier Zain announced a cost cutting plan this week, which it claims will propel the company toward its target of being a top ten operator by 2011.
Struggling handset vendor Sony Ericsson’s first quarter loss before taxes came in at the lower end of expectations on Thursday, dropping to Eur368m. For the first three months of 2009, the firm reported a net loss of Eur293m, compared to a profit of Eur133m in the same period last year.
Beleaguered US vendor Motorola is to take an additional pre tax hit of $110m for the first quarter of 2009, in relation to previously announced workforce reductions.
Monster handset vendor Nokia announced plans to slash a further 1,700 positions on Tuesday, as it continues to streamline its operations.
Beleaguered Canadian kit vendor Nortel has announced plans to shed a further 3,200 jobs worldwide. These new reductions are incremental to the previously announced 1,800 workforce reductions. Wednesday’s announcement is the latest in a long line of similar moves from Nortel as it continues to offload assets from the safe haven of bankruptcy protection. [...]
Monster vendor Nokia Siemens Networks has confirmed plans to slash around 3,000 more jobs worldwide as part of its post merger cost cutting exercise. On Tuesday, the equipment manufacturer reiterated its 2006 announcement to reduce global headcount by 10-15 per cent or 9,000 employees. To date the Finnish-German firm has cut about 6,000 workers, with [...]
Mega vendor Alcatel-Lucent said Wednesday it would cut a further 4,000 jobs before 2009, bringing the total number of workers axed since the merger to 16,500. The news came as the company reported its third consecutive quarterly loss, sinking to a shortfall of Eur258m during the three months to the end of September, compared to [...]