Nokia slashes research staff to cut costs
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Nokia, the world's largest mobile phone maker, said it would cut costs in its Multimedia Business Group by shedding workers in the division's research and development department.
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Cingular Wireless, the nation's largest cellular phone company, plans to cut about 10 percent of its work force as a result of its purchase of AT&T Wireless.
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Nokia Corp. said Thursday it will lay off up to 700 people globally, mostly in its enterprise business operation, in a move to increase efficiency and improve competitiveness.
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Motorola Inc  is aiming to cut  its quarterly research and development expenses for mobile  devices by about 15 percent by the end of 2007 to try to return  to profitability.
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Motorola Inc. MOT.N, the world's No.  2 maker of cell phones, on Tuesday said it would cut 1,000 jobs  in three of its units as it puts its effort behind wireless  communications in an increasingly competitive market.
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Finnish phone maker Nokia Corp. said Tuesday it will close a manufacturing plant and automotive supply unit in Bochum, Germany, and was in talks to sell a research and development unit in Bochum to Sasken Technologies.
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Matsushita Electric Industrial Co   said on Friday that Nokia's  replacement of  mobile phone batteries made by the Japanese electronics maker  is likely to cost it 10-20 billion yen ($86-$172 million).
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Nokia, the world's largest mobile phone maker, reported lower third-quarter earnings on Thursday after cutting handset prices to win back market share but said sales volumes were strong as it moves into the key year-end shopping season.
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Finland's Nokia, the top global mobile phone manufacturer, said Tuesday that it planned to close a factory in Germany by mid-year which employs 2,300 workers.
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Nokia, the world's largest cell phone maker, reported lower third-quarter earnings on Thursday after cutting prices to claw back market share, but said sales were strong as it enters the key Christmas season.
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Nokia Siemens Networks, the Finnish-German telecom networks manufacturer, said Friday it would cut 2,290 jobs in Germany as part of a restructuring plan.
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The two-year effort will reduce its work force by 10 percent and cut $5 billion in costs. Analysts see measures as essential to compete against Advanced Micro Devices.
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Nokia has bowed out of the ringtone market following poor sales from its Club Nokia website. Its exit should also smooth relationships with mobile network operators which think that their hardware providers
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Nokia Corp. on Tuesday cut its operating margin targets, blaming increased exposure to the network infrastructure business.Comment
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The German state of North  Rhine-Westphalia and Nokia (NOK1V.HE) (NOK1V.HE) will seek  "innovative solutions" for a plant that the Finnish mobile  phone group plans to close to cut costs, the state said on  Monday.
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(InfoWorld) - Nokia plans to fold all its mobile phone development efforts into a single new business unit, reflecting the growing importanceÂ of its business of multimedia and Internet-enabled devices. The new Device unit, as it will be called, will produce all of Nokia's mobile devices, including more traditional mobile phones, as well as Internet-enabled devices like the N series. The products were previously produced by three separate divisions, for mobile phones, multimedia, and enterprise solutions. As part of the reorganization Nokia will also create two other new divisions, called Software & Services, and Markets, to replace its existing structure. The divisions will all be launched on Jan. 1, 2008, the company announced Wednesday. "When we introduced the [current] structure in early 2004, the market was still very voice centric at the time," said Nokia spokeswoman Arja Suominen. "The other areas were small but have grown much since then. So it makes sense to bring all these together in one unit." Nokia said the changes will help to make its product development and manufacturing operations more effective and reduce the time it takes to bring new products to market. "This isn't a cost-cutting exercise," Suominen said. "We seek greater efficiency." The move comes as Nokia faces new low-cost challengers from Asia, as well as markets with high levels of phone penetration in developed countries. The current enterprise solutions unit will be split up, with business phones such as the E90 Communicator and the E61 smart phone to be merged into the device unit, and enterprise systems such as e-mail and security to be rolled into the services & software unit. The services & software unit will also be in charge of all software products, including games, and Internet services, including navigation and music, that consumers can purchase separately. Operating system software, such as the Series 60 OS, will be part of the device unit. The device and services & software units will have their own research and development (R&D) teams. The Nokia Research Center will continue to pursue long-term research at the corporate level. The third new unit, markets, comprises manufacturing, distribution, sales and marketing. The changes will also be reflected in Nokia's financial reporting. Beginning next year it will publish financial figures for two segments: devices & services andÂ Nokia Siemens Networks. Nokia joined forces with Germany's Siemens last year to form the joint venture Nokia Siemens Networks. The new device unit will be headed by Kai ÃistÃ¤mÃ¶, who is currently in charge of Nokia's mobile phones business group. Niklas Savander, currently in charge of technology platforms, will head the services & software unit. The markets unit will be the responsibility of Anssi Vanjoki, who is currently heading the multimedia business group.
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The government's research on climate change is threatened by spending cuts that will reduce scientists' observations from space and on the ground, a report by the National Research Council concluded yesterday.