Reuters: Nokia Siemens to cut 1,820 jobs

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Nokia Siemens to cut 1,820 jobs
      

HELSINKI (Reuters) - Telecom gear vendor Nokia Siemens Networks said on Tuesday it would slash around 1,820 jobs, mostly in Finland and Germany, as the last part of its 2 billion euro ($2.6 billion) cost-cutting programme. The news comes a day after Canada's Nortel said it would cut 1,300 jobs as vendors try to cope with fierce competition for new business, subdued demand and falling prices.</p><div class="feedflare">
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