Nokia Siemens Networks To Focus On Mobile Broadband & Services – Restructuring For Competitiveness & Profitability

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Nokia Siemens Networks announced in Finland on 23rd November, 2011 its strategy to focus on mobile broadband and services and the launch of an extensive global restructuring program. Nokia Siemens Networks will target end-to-end mobile network infrastructure and services, with a particular emphasis on mobile broadband.

Nokia Siemens Networks plans to realign its business to focus on mobile broadband (including optical), customer experience management and services. The company’s Services organization will further strengthen its highly-efficient global delivery system. Business areas not consistent with the new strategy are planned to be divested or managed for value. Quality and innovation will continue to be priorities for the company, with ongoing investment in both areas.

Nokia has announced more than 10,000 layoffs  for this year and next as a part of its effort to switch its devices over to Microsoft’s Windows Phone  operating system. It has further announced that it is cutting 17,000 jobs. The total global workforce of Nokia Siemens Networks on 1st November, 2011 was approximately 74,000. The telecommunications company said that the layoffs are a part of a global restructuring that will allow it to be more competitive on the mobile side of its business.

“Our goal is to provide the world’s most efficient mobile networks, the intelligence to maximize the value of those networks, and the services capability to make it all work seamlessly”, said Suri. “Despite the need to restructure parts of our company, our commitment to research and development remains unchanged, with investment in mobile broadband expected to increase over the coming years”. The job cuts will be completed by the end of 2013, the company said. The job reductions will also trim about $1 billion from the company’s operating expenses over the next two years.

Nokia Siemens Networks is a leading global enabler of telecommunications services. With its focus on innovation and sustainability, the company provides a complete portfolio of mobile, fixed and converged network technology, as well as professional services including consultancy and systems integration, deployment, maintenance and managed services. It is one of the largest telecommunications hardware, software and professional services companies in the world. Operating in 150 countries, its headquarters are in Espoo, Finland.

Nokia is a global leader in mobile communications whose products have become an integral part of the lives of people around the world. Every day, more than 1.3 billion people use their Nokia to capture and share experiences, access information, find their way or simply to speak to one another. Nokia‘s technological and design innovations have made its brand one of the most recognized in the world.

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