NSN's Staff Shuffle
Nokia Siemens says the move "is, to some extent, expected to reduce the number of planned layoffs" in Finland. On May 4, the vendor said it would cut its headcount by 9,000 in total, including up to 1,700 in Finland. (See Nokia Siemens to Cut 9,000.)
On the face of it, this looks like a sensible move. It's better (on paper at least) for the staff and for Nokia Siemens, and deepens its ties with one of Northern Europe's most important systems integrators. (See Nokia Teams With Integrator, Axiom Wins in Nordics, Procera Teams Up, BEA Names New Partners, and TietoEnator Deploys Cisco.)
At the same time, Nokia Siemens could transfer those staff and still cut nearly as many staff as originally stated, so reducing its wages bill even further than planned. Either way, investors will likely be happy, even if the staff are not.
On a separate Nokia Siemens employment note, the vendor has a new CFO, Eric Simonsen. Nothing amazing there, except that Simonsen is already the company's global head of restructuring (surely a job that still requires quite a lot of attention), and is managing director of AlixPartners, "a firm focused on helping corporations manage integration and financial restructuring." (See Nokia Siemens Names CFO.)
Nokia Siemens notes that, while Simonsen is retaining his position at AlixPartners, "his role at Nokia Siemens Networks will be full time." Methinks Mr. Simonsen might find himself a little bit stretched.
— Ray Le Maistre, Time Management Editor, Light Reading