Nokia Siemens assesses product line

Following the mega-merger between Nokia and Siemens last year, the new entity on Monday said it would start sharing its proposed product portfolio plan with employees and customers as early as next week.

The company said planning is still underway to assess the personnel, site and country-level impact of the proposed portfolio as well as expected transition times and requirements for ongoing support for existing products.

The business and personnel implications are expected to be available only after the closing of Nokia Siemens Networks in the first quarter.

However, the merged company has previously warned that the synergies associated with the creation of Nokia Siemens Networks are expected to result in job losses of approximately 10-15 per cent from the initial combined base of approximately 60,000, or between 6,000 and 9,000 heads.

Simon Beresford-Wylie, CEO of Nokia Siemens Networks, said “It is critical that we are able to maintain the strong support that we have seen so far from customers by providing them with clarity about our future portfolio plans. Sharing that information now is also in the best interests of employees.”