Further restructuring at Nokia Siemens Networks will cost 50 Israeli employees their jobs at the company's Carrier-Ethernet Transport (CET) unit. Nokia Siemens' Israeli development center is based on the acquisitions of Seabridge in 1999 and Atrica in 2008.
This is not Nokia Siemens Israel's first wave of layoffs. It has fired hundreds of employees since 2000, including at least 200 since the global crisis erupted in 2008. The company reportedly has 200 employees at its facility in Hod Hasharon.
Nokia Siemens says that the restructuring and layoffs at the CET unit serve two strategic goals: strengthening market penetration by focusing resources on sales support, and to make the company more competitive.
Nokia Siemens head of packet networks business line Dror Nemirovsky said that the company has not changed its assessment about the size of the CET market. "Nonetheless, to ensure a more competitive position, strengthen market positioning, and increase revenue, the company has to adjust its operating plan."
Published by Globes [online], Israel business news - www.globes-online.com - on February 22, 2011
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