Nokia Siemens Networks (NOK, SI) announced that it has completed the preliminary planning process to identify the proposed remaining headcount reductions necessary to reach its synergy-related headcount adjustment goal.
Accordingly, the company said now it is starting the process of sharing these preliminary plans with employees and employee representatives in Finland and Germany. The company noted that the proposed headcount adjustments are a result of merger-related synergies.
The company said it is now proposing a maximum reduction need of about 750 employees in Finland, bringing the planned total reductions to less than 1,300. At the completion of the planned synergy-related headcount restructuring activities, Nokia Siemens Networks said it expects to have in the range of 7,000 employees in Finland, from an initial base of about 9,200.
While in Germany, the company said it would discontinue its activities at the Hofmannstrasse site, which would affect about 500 employees and is planned to be completed by the end of October 2009. At the completion of the planned headcount restructuring and employee transfer activities, the company expects to have in the range of 10,000 employees in Germany, from an initial base of about 13,000.
In addition, the company also announced planned reduction of about 50 employees in Egypt related to the closure of a small manufacturing facility and about 20 employees in the United States related to the ramp down of a small site over the course of 2009.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.