Announcing plans to slash operating expenses by $1B, Nokia Siemens Networks (NOK, SI) says it...

|About: Nokia Corporation (NOK)|By:, SA News Editor

Announcing plans to slash operating expenses by $1B, Nokia Siemens Networks (NOK, SI) says it will cull 17K jobs from its global workforce by 2013's end. Company strategy is to be reoriented to focus on "the future of our industry" - mobile broadband and services. Nokia +2.5% premarket. (PR)