Nokia Siemens Networks wants to reduce annual costs by 2 billion euros ($2.6 billion), Financial Times Deutschland reported, citing unidentified persons close to the company.
Part of the effort is a new management structure disclosed to employees in an e-mail, the newspaper said in a preview of an article for tomorrow’s edition.
Daily leadership tasks will now be handled by a committee of three, composed of Chief Executive Officer Rajeev Suri and the company’s chief financial and chief operating officers, according to FTD.
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