The struggling telecoms equipment maker Nokia Siemens Networks is cutting 17,000 jobs, 23% of its workforce. The losses from its 74,000-strong workforce should help cut operating costs by some 1bn euros ($1.35bn; £860m), the company said. The loss-making venture, owned by Finland's Nokia and Germany's Siemens, has faced stiff competition from rivals such as Huawei and Ericsson... read more
BBC Business News
Nov 11
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