NSN to cut more jobs in China

Nokia Siemens Networks plans to shed another 300 employees this year as part of ongoing plans to streamline company.

Nokia Siemens Networks is planning to lay off of another 300 employees in China.

China Daily reported on Wednesday that the news was released internally on Friday and was part of the telecoms equipment maker's plan to cut 17,000 employees globally by end-2013, according to a China-based company spokesperson.

This is the company's second round of job cuts in China after it slashed 350 jobs earlier in March, according to a separate report by Chinese news site Global Times. It stated then that it was not sure whether there will be another round of layoffs this year.

Nokia Siemens Networks had posted a 8 percent decline in second-quarter sales to US$4.11 billion, down from US$4.48 billion in the same quarter last year.