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 [...]