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(Image from article: "Nokia Siemens Networks to slash 17,000 jobs worldwide by 2013")

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Nokia Siemens Networks to slash 17,000 jobs worldwide by 2013

Nokia Siemens Networks is slashing 17,000 jobs worldwide by 2013 — nearly 23 percent of its work force — as it strives to cut costs by €1 billion ($1.35 billion). The mobile infrastructure company said Wednesday the measures are part of “an extensive global restructuring program,” which includes streamlining the organization to improve long-term competitiveness and profitability.

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