Most of the cuts will be in operations of former start-ups Seabridge and Atrica.
Nokia-Siemens Networks Israel is expected to cut about 100 employees as part of global cost cutting and efficiency measures at the telecommunications equipment giant.
Nokia Siemens Networks Israel includes the activity of Seabridge, and in 2007 it bought Israeli start-up Atrica.
Most of the cuts will be in development, and the work of Seabridge and Atrica. Few of the cuts will be in the company's work with communications firms in Israel, as it has succeeded in garnering several large contracts, such as ones with Partner Communications Ltd. (Nasdaq: PTNR; TASE: PTNR; LSE:PCCD) and Cellcom Israel Ltd. (NYSE:CEL), and it recently began to work with Bezeq The Israeli Telecommunication Co. Ltd. (TASE: BEZQ).
A Siemens spokesperson said that the company does not respond to rumors.
Published by Globes [online], Israel business news - www.globes-online.com - on January 22, 2009
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