Nokia Siemens Said to Weigh 8,500 Job Cuts in Scale Focus

Nokia Siemens Networks, the phone-equipment maker that Nokia Oyj is fully taking over, is considering reducing about 8,500 jobs to boost profitability, according to three people familiar with the matter.

A scenario being discussed would bring its workforce to 42,000 by the end of 2014, or a 17 percent reduction, partly through selling or shutting down plants and farming out manufacturing, said the people, who asked not to be identified discussing internal targets. Nokia Siemens had about 50,500 workers at the end of June. No final decisions have been made and any plans would have to be approved by sole owner Nokia.