Pass NSN a German service department will close and lay off 1,000 people

SAN FRANCISCO, Dec. 4 evening news, Bloomberg quoted two sources as saying that due to the failure to complete a contract renewal between Deutsche Telekom, Nokia Siemens Networks, Inc. (hereinafter referred to as "NSN") will be Tomorrow announced a shut down German service sector, and to lay off up to 1,000 people.
　　Prior to Nokia Siemens and Deutsche Telekom signed a 5-year service contract. The sources said that the failure to complete the contract, Nokia Siemens Networks announced the closure of the service department staff meeting in Kassel, Germany, will be held tomorrow.
　　With the global telecom operators cut spending, the global telecommunications equipment market is landslide. In this environment, Nokia Siemens Networks is continuing to cut costs. NSN last year, said it will lay off 1.7 million, accounting for about 23% of the total number of employees, to ensure that the company achieved sustained profitability. Which Nokia Siemens will cut 2,900 jobs in Germany.
　　NSN said this week that it has agreed to be sold to Marlin Equity Partners optical network business, and the transfer of up to 1900 employees. On November 27, the company, he said, the department located in Bruchsal, Germany will close, lay off 650 people.
　　The service department closed in Nuremberg, Germany, has about 1,000 employees. In 2007, Nokia Siemens Networks acquired from Deutsche Telekom in this sector. Nokia Siemens and Deutsche Telekom spokesman declined to comment on the rumors.