Sunday, January 25, 2009

Nokia Siemens to fire some 180 employees in Israel

Nokia Siemens will fire 40% of its employees in Israel – some 180 out of the company's 460 workers. The decision came following forecasts of a 5% drop in the company's sales.

This is the company's second round of lay-offs, after firing 50 employees from its development center in Hod Hasharon in July.

Most of the lay-offs in the previous round were from the former Seabridge company that was acquired by Nokia Siemens.

The acquisition of Seabridge was part of the company's business strategy to launch an Ethernet-based optical urban communications network.

On Thursday Ynet learned that there would be more lay-offs in the Atrica company, Nokia Siemens' most recent acquisition in Israel, that develops the next generation of optical communications networks.

The global communications market has suffered a fatal blow in recent days, with the collapse of Nortel and mass lay-offs in Erikson and Motorola.

Another Israeli company that develops Ethernet technology is Actelis Networks, that has also fire 20 employees in Israel and abroad in recent days.

Nokia Siemens said in response to the report, "The company does not respond to rumors or speculations."


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