In the News

Tieto (Finland) / To cut a further 5 pct of workforce | Reuters

The latest cuts follow 1,600 job losses in a restructuring announced in March 2012 and completed this year.

Finnish IT services provider Tieto plans to cut up to 770 jobs, about 5 percent of its workforce, as it contends with a drop in technology spending in the telecoms sector.

Tieto, which competes with bigger technology services companies such as IBM and Accenture, said the job losses and earlier cost-cutting measures will save the company more than 50 million euros ($68 million) a year.

Chosen excerpts by Job Market Monitor. Read the whole story at 

Reuters

via UPDATE 1-Finland’s Tieto to cut a further 5 pct of workforce | Reuters.

Related Posts

(Update) Alcatel-Lucent / To slash 10,000 more jobs but the government demands to “revise” the plan

POSTED BY  ⋅ OCTOBER 9, 2013 ⋅ LEAVE A COMMENT

French Prime Minister Jean-Marc Ayrault on Wednesday demanded that troubled telecoms company Alcatel-Lucent “revise” its plans to cut 10,000 jobs worldwide, including 900 in FranceContinue reading »

Europe / Telecoms could reduce their workforces by 30%

POSTED BY  ⋅ APRIL 30, 2013 ⋅ 1 COMMENT

Telecoms network upgrades could cost 300,000 jobs in Europe over the next five years as wireless and wireline carriers move to more efficient technologies and look to reduce their workforces by 30%. According to the UNI Europa ICTS union, which represents telecoms workers across the European Union, within a decade the sector will see its … Continue reading »

Greece / Hellenic Telecommunications Organization (HTO) / 1,500 Jobs Cut

POSTED BY  ⋅ JANUARY 7, 2013 ⋅ 3 COMMENTS

Greece’s Hellenic Telecommunications Organization (HLTOY) said Monday around 1,500 workers took part in its voluntary redundancy plan, enabling the company to reduce operating costs significantly and improve its competitiveness. The company estimates that its costs will be reduced by 80 million euros ($104.5 million) annually. Since the beginning of January, “the number of OTE employees … Continue reading »

France / SFR telecom may cut 1,100 jobs

POSTED BY  ⋅ NOVEMBER 26, 2012 ⋅ 4 COMMENTS

SFR, the French mobile-telephone unit of media and telecom group Vivendi SA , may cut 1,100 jobs as market conditions grew more difficult for the company after telecom firm Iliad ILIAF +2.62% launched a low-cost mobile-telephone service this year, newspaper Les Echos reports Monday citing a labor union official. The company, which is due to … Continue reading »

Nokia / To slash 8500 jobs

POSTED BY  ⋅ AUGUST 8, 2013 ⋅ LEAVE A COMMENT

The troubled Finnish telecoms giant Nokia is considering slashing 8500 jobs, or around 17 per cent of its workforce, at equipment arm Nokia Siemens Networks, which provides infrastructure for mobile carriers. Nokia’s equipment arm, which is profitable in contrast to its loss-making consumer handsets business, is under pressure as it faces increased competition from rivals … Continue reading »

Renesas / 1,000 jobs cut in Europe

POSTED BY  ⋅ JUNE 27, 2013 ⋅ LEAVE A COMMENT

Renesas Electronics will shed more than a thousand jobs in Europe, including its whole workforce of more than 800 in Finland Continue reading »

Ericsson / 318 Receive Layoff Notice in Sweden

POSTED BY  ⋅ MAY 21, 2013 ⋅ LEAVE A COMMENT

LM Ericsson Telephone Co. (ERIC: Quote) Tuesday said it has initiated union negotiations to close down its telecom cables operation within business unit Networks. The decision primarily impacts the operations in Hudiksvall and Stockholm. A notice of reduction of 318 positions in Hudiksvall has been given, while a dialog with the unions in Stockholm for … Continue reading »

Germany / Vodafone to cut 500 jobs

POSTED BY  ⋅ APRIL 16, 2013 ⋅ 2 COMMENTS

Vodafone will cut 500 jobs in Germany, the company said, as the group adjusts to harsher competition and lower fees in Europe’s largest economy. “We have started a two-year program,” a spokesman said, confirming reports in the Frankfurter Allgemeine Zeitung and Rheinische Post. The company aims to shift some operations to Romania and India, as … Continue reading »

Germany / Deutsche Telekom would cut 1 200

POSTED BY  ⋅ JANUARY 17, 2013 ⋅ 3 COMMENTS

Germany’s Deutsche Telekom has been reported to be planning more job cuts in addition to those already announced a while ago. According to a newspaper, layoffs will primarily affect its overhead segment. Deutsche Telekom of Germany on Thursday was reported to be preparing more job cuts domestically over the next couple of months. The business … Continue reading »

Finland / Nokia cuts 300 IT jobs and outsources 820 jobs in India

POSTED BY  ⋅ JANUARY 17, 2013 ⋅ 5 COMMENTS

Nokia Corp. NOK -1.51% Thursday announced more job cuts in Finland as part of a move to outsource its information technology operations to Indian suppliers. Nokia said it would outsource some of its IT operations to two Indian IT suppliers, HCL Technologies Ltd. and TATA Consultancy Services Ltd. , India’s largest software exporter. As part … Continue reading »

Discussion

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Jobs – Offres d’emploi – US & Canada (Eng. & Fr.)

The Most Popular Job Search Tools

Even More Objectives Statements to customize

Cover Letters – Tools, Tips and Free Cover Letter Templates for Microsoft Office

Follow Job Market Monitor on WordPress.com

Enter your email address to follow this blog and receive notifications of new posts by email.

Follow Job Market Monitor via Twitter

Categories

Archives

%d bloggers like this: