Nokia Siemens set to shake up supply chain to slash costs

Nokia Siemens Network will cut 17,000 jobs – 23 per cent of its workforce – in a move to cut annual costs by $US1 billion by 2013.

Nokia Siemens has struggled to make a profit amid stiff competition in the global market for network infrastructure, the technology and services needed to run mobile and fixed-line networks.

Read more here.