Nokia Siemens Networks announced a major restructuring that will include the elimination of approximately 17,000 jobs worldwide and a renewed focus on mobile broadband. The cuts represent about 23% of NSN's current employees. The company is seeking to reduce its non-IFRS annualized operating expenses and production overheads by EUR 1 billion by the end of 2013, compared to the end of 2011. The savings are expected to come from the streamlined company...
