Electronics, Restructuring | featured news

Struggling BlackBerry maker begins job cuts

Blackberry

Struggling BlackBerry maker Research In Motion said Wednesday it has started laying off employees as part of its restructuring plan aimed at saving about $1 billion this year.

 

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

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.

 

Panasonic sees $5.5 billion annual loss, worst in a decade

Japanese electronics maker Panasonic Corp forecast an annual net loss of 420 billion yen ($5.5 billion), its biggest in a decade, as restructuring costs ballooned, and a soaring yen and weak demand in the United States and Europe eroded income.

 

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