NSN becomes Nokia Solutions and Networks, considers job cuts

first_imgHome NSN becomes Nokia Solutions and Networks, considers job cuts Tim Ferguson Nokia Siemens Networks (NSN) will now be known as Nokia Solutions and Networks, following completion of Nokia’s €1.7 billion acquisition of Siemens’ 50 per cent stake in the joint venture company — while rumours surfaced of potential job losses.The Siemens name will be phased out from the network vendor’s name and branding but the company will continue to be referred to as NSN for financial reporting purposes.The company reaffirmed its focus on mobile broadband, and emphasised that the ownership change brings “further stability, clarity and confidence in the future”.“While our name and brand have changed, I would like to emphasise that our overall strategy and our focus on mobile broadband remain the same,” said Rajeev Suri, who continues as NSN’s CEO.Nokia also stated its plan to “continue to strengthen the company as a more independent entity”.However, Bloomberg reports that the company is considering a reduction of 8,500 jobs to boost profitability and offset declining sales.Sources said the potential job cuts would bring NSN’s total workforce down to 42,000 by the end of 2014, a 17 per cent reduction. The cuts would be achieved by closing plants and outsourcing manufacturing.NSN has turned itself around since around late 2011 when it announced a major restructure involving the loss of 17,000 jobs and cost reductions of €1 billion by the end of 2013. It shifted its focus to mobile broadband in early 2012.With an adjusted operating profit of €822 million (from net sales of €13.7 billion) during 2012, NSN was the most profitable part of Nokia’s business.However, net sales for the second quarter of 2013 fell by 17 per cent year-on-year to €2.78 billion. This was attributed to the sale of businesses “not consistent with NSN’s strategic focus”, the exiting of certain customer contracts and reduced wireless infrastructure deployment activity. Previous ArticleVodafone UK majors on content in LTE plans; preps O2 battleNext ArticleSingTel, Visa to launch online, point-of-sale payments FinancialTechnology Tags Tim joined Mobile World Live in August 2011 and works across all channels, with a particular focus on apps. He came to the GSMA with five years of tech journalism experience, having started his career as a reporter… More Read more CTA, Trump push for tech skills training AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 07 AUG 2013 Author IFA Berlin to get fresh format Vodafone ups diversity efforts Relatedlast_img read more

News / Major box carriers to launch association to harmonise digitalisation in shipping

first_img Shipping lines from each of the alliances have formed an association in a bid to develop “digitalisation, standardisation and interoperability”.The move follows last week’s announcement of a joint blockchain platform comprising the Ocean Alliance and Yang Ming from THE Alliance, which triggered questions as to how the industry would standardise, given Maersk’s involvement with rival platform TradeLens.But while all the alliances are represented in the new association, it includes only Maersk, CMA CGM, Hapag-Lloyd, MSC and Ocean Network Express for now. However, the association – which is neutral and non-profit – has said it will “welcome new members with open arms”.It said it would be operating from early 2019, subject to any regulatory requirements and puts shipping a step closer to creating a cohesive IT infrastructure across the industry. “It’s in the customers’ and stakeholders’ best interest, if container shipping companies operate with a common set of information technology standards,” said André Simha, chief information officer of MSC and group spokesperson.“We are striving for less red tape and better transparency. The timing is right, as emerging technologies create new customer friendly opportunities. Together, we gain traction in delivering technological breakthroughs and services to our customers compared with working in our own closed silos.”The association states firmly that it has no intention of developing or operating any digital platform, but aims to “ensure interoperability through standardisation”.Noriaki Yamaga, managing director, corporate & innovation, at Ocean Network Express, said: “ONE sees a wave of innovation technology development in shipping and logistics industry over the recent years, which can bring good opportunity to the whole industry for digital transformation.“But, at the same time, we’re a little bit cautious about adopting new technology by an individual company since there is no common standard in the market which may be ending up with re-integrating work among all stakeholders in the supply chain.“With this mind, we feel it would be necessary to do some discussion and collaboration on the area of new technology and innovation to establish common IT standards and governance for the industry to streamline and digitise shipping process in a modern way.”Adam Banks, Maersk chief technology officer, added that “a joint set of technical standards will ensure interoperability and enable all parties to concentrate on value adding differentiation … [benefiting] all parties in our customers’ supply chains”. By Alex Lennane 15/11/2018last_img read more

Festival Releases Apology To Attendees For Cancellation After Neglecting To Pay Artists

first_imgAfter Creatures of the Night festival was suddenly and mysteriously cancelled mid-festival on Saturday, attendees were left angry and confused, many of whom had traveled far and wide for the event. At the time, the festival offered little more than an obfuscating Facebook post on the matter. Now, they’ve attempted to offer an explanation to patrons in a very lengthy statement. Aqueous Saves The Day With Three-Hour Set At Cancelled Creatures Of The Night FestivalThe gist is that the festival didn’t have enough money to pay its staff or the artists, confirming rumors that were circulating. A first year festival often takes a beating financially. However, most festival producers anticipate and analyze cash-flow well in advance, not on the last day of the festival. They say most festivals, as with most businesses, don’t make money for three years. Most inaugural festivals make sure they have enough capital to pay off their staff and talent costs before signing contracts with booking agencies. Some major first year festivals even put money in Escrow accounts to insure booking agents their artists will be paid, despite the festival’s success or failure.Nevertheless, the festival ensures that refunds will eventually be issued, but asks patrons to “be patient”. To be fair, the majority of social media reactions to their apology has been one of forgiveness and understanding. However, we’re sure the artists, including headliners like Papadosio, who drove all the way to Tennessee only to find out they were not getting paid to perform, will not be as understanding. Read the festival’s full statement below:A long over-due apology and explanation to our fellow Creatures:At this point, we can’t begin to explain how sorry we are for the great errors in judgement and in management that resulted in our shortcomings this weekend, but still—we apologize for not meeting your expectations. The truth of the matter is this, we did what we could to generate enough income to fuel the festival throughout the weekend, but fell considerably short, resulting in wasted time and energy from our patrons, booking agencies, and artists alike.As I’m sure you realize, it is difficult to stay motivated when there is no incentive. So, Saturday morning, upon realizing there would be no monetary compensation for the months of work they put in, the COTN staff took a huge hit to the overall morale of the team. However, the majority came together to desperately salvage what they could from the remains of this failure. Our staff did the talking, but it was the artists, the sound and stage crews, the security, the EMTs, the production team, the performers, and YOU, who made our last night on the grounds the success that it was. So, on the other side of our apology lies a sincere, deep level of gratitude. We counted on the culture of this scene to lift us out of our dismay, and keep us going – and to think /we/ were the ones supposed to be bringing /you/ a transformational experience…Some of you are very upset, on many different levels, and rightfully so. The announcement we released Saturday afternoon was posted in the heat of the moment, when we still had absolutely no idea how the rest of the weekend would roll out. Our first mistake was in stating that the entire festival was cancelled, and our second was in stating that new arrivals would be turned away at the gates. To be asked to turn around despite purchasing a ticket and driving from all over the country to a meeting place that was supposed to be welcoming you with open arms was inexcusable. For those of you who came out solely to pledge your allegiance to the rail–to catch the headlining acts you love so much that we couldn’t pay for, we failed you. We promised an amazing lineup and in the end just could not afford it.So, a breakdown of what happened:There are so many uncalculated costly factors that a first-time coordinator doesn’t take into consideration, making budgeting extremely difficult, despite all of the planning and double-checking. What we thought would cost us $238,000 ended up costing closer to $350,000 due to contractual disputes between our management and the land owner, as well has an honest lack of understanding of what it actually takes to turn a dream this big into reality. We depended on ticket sales to carry us through the weekend, but didn’t get the kind of draw we desperately anticipated. So, now, we sit here ashamed that we could not give each and every one of you what you desired and deserved. Financial shortcomings aside, we were understaffed, and we excitedly took on a project that was too large on many levels from the start, instead of starting small and with patience and focus, building up from there.Blinded by ambition, and desire to deliver an unbelievable experience to your hearts, we forgot about what we were /actually/ trying to show you—a new vision of sustainability and personal growth. I wanted with every bone in my body to give you all of this, and failed, but I will never stop working to make it up to each and every one of you. We lost every dime that we had, and have a very considerable number to work up to, just to pay the artists and contracts that we couldn’t pay this weekend. I need you to understand that this process is going to be a long one, but we promise to keep an open, honest line of communication between us. Please understand that the staff that is left behind is made up of a few people who also suffered great losses, but is still donating their time and energy to help work this out with all involved.With that said, please stay tuned for more information on our refund applications. We will NOT leave you hanging on this, but we ask you for patience.We shot for the moon on this year’s lineup, and fell back to earth on a cloud, thanks to your compassion and dedication to this lifestyle. For all of you who stayed, I have been crying tears of joy thinking about what you did for me. This past weekend, I saw my dream die in front of my eyes, and you picked it up off the ground, welcomed it into the warmth of your heart, and brought it back to life. Your support encourages me to keep trying. You stuck around to bring out what you wanted from the experience, and it was /you/ who has inspired /me/. When I went on stage to announce that you wouldn’t be getting the experience you paid for, you basically offered your help to do what you could to keep the fire alive. It was the scariest moment of my life, turned into the most beautiful moment of my life. I will forever think of you as my family.Let’s reflect on the 5 Principles of COTN:Experience Ultimate Joy: Despite having many reasons to be disappointed, you made the most of a disappointing situation, resulting in blissful creative expression that came from within your own heart.Express Yourself Fully: When the festival shut down, the creatures in you came out full-throttle. YOU became the show, delivering incredible performances.Radical Inclusion: So many of you have been radically understanding, despite our shortcomings. You accepted us as we were, and turned around to support us anyway.Seek Transformation: When we dropped the ball, every single person involved transformed a commercial festival into a burn in a matter of hours. Stages were torn down and rebuilt, emotions that were all across the board came into harmony, and we came together to transform our failure into an inspiring example of creative ability.Be The Fire: Each and every one of you shone bright. You delivered on your end of the bargain.So, Creatures…please be patient with us answering your questions. We have a lot of them to get to as we simultaneously figure out many more details as this story continues to unfurl. We have a dream that hasn’t quite died yet. It has come alive in a different form, but again, we call on you to support it and place your trust in it. In the meantime, we will reflect on our mistakes, and learn from each of your experiences. Again, our deepest apologies to our Creatures family. Thank you for all that you have done.Regards,Alex Cole-Gardner | Owner, Co-Producer& COTN Management[Original Statement via Facebook]last_img read more

UK railway news round-up

first_imgConservative Member of Parliament for Epsom & Ewell Chris Grayling has retained his position as Secretary of State for Transport in the cabinet announced by Prime Minister Theresa May following the general election.Network Rail has begun a ‘soft’ market-testing exercise seeking external expertise to determine what would be the best way for it to source unmanned aircraft system operation, training and equipment. Services to be procured could include general and specialist inspection of infrastructure including embankments, culverts and electrification equipment, and condition inspections following adverse weather and other incidents. NR envisages UAVs could reduce employee exposure to risk by reducing the need for physical access to sites, and provide value for money when undertaking surveys.The heritage Swanage Railway launched a two-year trial service to Wareham station on the national network on June 13, operated by charter operator West Coast Railways. The service of four diesel trains per day in each direction will run on 60 Tuesdays, Wednesdays, Thursdays, Saturdays and Sundays from June 13 to September 3 and on 90 days in 2018. The project to reinstate the link and run the service has been supported by the government’s Coastal Communities Fund (£1∙8m), Purbeck district (£3∙2m) and Dorset county councils, BP (£0∙5m), Perenco, Network Rail and South West Trains.On July 1 Network Rail is to close the level crossing at Northumberland Park station in northeast London, to be replaced by a fully-accessible ramped footbridge. A new island platform is to be built at Northumberland Park as part of the £140m Lee Valley Rail Programme to provide a third track between Stratford and Angel Road. Enabling an additional two trains/h to be operated, the programme is being funded by the Department for Transport, Transport for London, Enfield Council and the London Economic Action Partnership, the Local Enterprise Partnership for Greater London.Virgin Trains has launched a two television commercials as part of a wider advertising campaign which it says aim to ‘drive customer appraisal and tackle alternative modes of transport head-on.‘ This is the first campaign created for Virgin Trains by Anomaly, which was appointed as its lead creative agency in February.Network Rail is seeking interest in the 24 h provision of breakdown and recovery services for rail vehicles involved in derailments or other incidents. The supplier would provide its own equipment, but would also be responsible for the operation, maintenance and undercover storage of Network Rail’s own cranes.Network Rail has confirmed that completion of work to electrify the line from Edinburgh to Glasgow via Falkirk High has been delayed by a further three months, and is not now expected before October.last_img read more