Andre Yoskowitz
7 Aug 2011 1:24
Following its acquisition of Motorola's networking business for $1.2 billion, Nokia Siemens Networks has begun its layoff of 1500 employees.
The company has 70,000 employees and the layoffs will mainly be research staff.
In June, the company announced the cuts, alongside the relocation of 1200 employees into the LTE and WCDMA divisions.
GMB Union rep Andy Prendergast says (via ZD):
It's real tragedy that these jobs are going [as] they are well-paid, high-skilled jobs of the kind that we should be a world leader in.
The light regulation around labour laws makes it a lot easier to dispense with workers in the UK than in other areas. This is another nail in the coffin of the idea that the Tories have an economic policy built around growth.