TITLE

Buyers to boost €500m savings

PUB. DATE
November 2009
SOURCE
Supply Management;11/19/2009, Vol. 14 Issue 23, p8
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the cost reduction program of the telecommunications firm Nokia Siemens Networks BV. It states that the firm will engage in procurement in order to save 500 million euros by the end of 2011 through jobs cutting which ranges from 7% to 9% of its 64,000-strong workforce. It adds that the firm also expects to save higher that 500 million euros annually by cutting cost of goods and services it purchases.
ACCESSION #
47248899

 

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