In light of yet another labor scandal facing Siemens, Nokia Siemens Networks started operations yesterday, with a commitment to working ethically. The new company, owned by Nokia and Siemens, holds a top three position in the industry, with 600 customers in 150 countries.
At the launch, Simon Beresford-Wylie, CEO of Nokia Siemens Networks, commented that he wanted the company "to be known for operating with the highest standards of ethics and integrity."
A good foot to begin on as German labor union IG Metall plans to bring charges against Siemens today for trying to influence labor through bribes. The charges are in response to allegations last week that Siemens transferred millions of dollars to finance an independent labor association as a counterweight to IG Metall, Germany's most powerful union.
Nokia Siemens Networks also has updated its official outlook for the mobile and fixed services infrastructure market for 2007. The company now expects very slight market growth in 2007.