Nokia Siemens Networks News

The telecom equipment maker Nokia Siemens Networks made public the departure of its chief financial officer Marco Schroeter. He was a close confidant of a Siemens executive who tongued the joint venture’s massive job cuts in Germany. He was a close to Siemens CFO Joe Kaeser, who was written in a German paper last year as saying that NSN might have talked to German labor leaders before cutting jobs there.

For this NSN gave no reason except to tell that it was a part of company transformation and in the meanwhile Samih Elhage was announced as a successor. Officials at the joint venture were not allowed immediately for comments at the joint venture Siemens and Nokia.

The giant equipment maker Siemens has shown signs of a turnaround helped by a massive rebuilding last year that cut around 20,500 out of 74,000 jobs. Now Nokia and Siemens are going to quit the joint venture through a buyout and public offering. Elhage joined NSN in March and has experience in private equity and management consulting, Said NSN.

The telecom equipment maker Nokia Siemens Networks made public the departure of its chief financial officer Marco Schroeter. He was a close confidant of a Siemens executive who tongued the joint venture’s massive job cuts in Germany. He was a close to Siemens CFO Joe Kaeser, who was written in a German paper last year as saying that NSN might have talked to German labor leaders before cutting jobs there.

For this NSN gave no reason except to tell that it was a part of company transformation and in the meanwhile Samih Elhage was announced as a successor. Officials at the joint venture were not allowed immediately for comments at the joint venture Siemens and Nokia.

The giant equipment maker Siemens has shown signs of a turnaround helped by a massive rebuilding last year that cut around 20,500 out of 74,000 jobs. Now Nokia and Siemens are going to quit the joint venture through a buyout and public offering. Elhage joined NSN in March and has experience in private equity and management consulting, Said NSN.