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For education and discussion only. Not for commercial use. HELSINKI, Finland (AP) — Nokia said Wednesday that it would cut around 900 jobs from its networks division in an effort to adjust to the continuing slump in worldwide demand for wireless network equipment. Nokia, which is the world's largest cell phone maker, expects the job cuts to be completed by the end of this year. Nokia's networks division employs about 19,000 people globally. Nokia said the job cuts will be spread out, with a few employees being laid off in most countries, and around 100 job cuts being made in...

For education and discussion only. Not for commercial use. SAN ANTONIO, Texas (AP) - SBC Communications Inc. said Tuesday that it will slash another 5,000 jobs, or about 2.6 percent of its work force, in the second quarter because the slow economy continues to curb its revenue. The cuts come atop the 10,000 positions already eliminated since last fall. The San Antonio-based telecom giant said the job reductions will be distributed throughout its 13-state service area among managers and non-management workers who do not directly serve SBC's customers. SBC has said in recent months that it planned to be very...

For education and discussion only. Not for commercial use. FRANKFURT, Germany -- Electronics and industrial goods conglomerate Siemens AG said Thursday it would cut 6,500 more jobs from its unprofitable phone equipment division, even as the company posted a steep rise in earnings for its latest quarter. The job cuts represent 13 percent of the division's work force. Almost half of the profit of 1.28 billion euros ($1.14 billion) for the first three months of the year came from the sale of Siemens' shares in its former computer-chip subsidiary Infineon. Siemens sold 40 million shares in Infineon in January, reducing...

For education and discussion only. Not for commercial use. STOCKHOLM -- U.S. electronics manufacturer Sanmina-SCI Corp. plans to lay off 730 of its approximately 1,700 employees in Sweden, the company said Tuesday. The cutbacks would affect 620 employees in Motala, 120 miles west of the capital, Stockholm, and 110 in Bengtsfors, 60 miles farther west. The two plants, which make components for the telecommunication and automotive industries, have suffered from weakening demand because of the sluggish world economy, the company said. "We have during a longer period been overstaffed and the incoming orders have decreased, which forces us to decrease...