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Screwed: 5,700 at Nokia Siemens Networks

A daily review of the employment fallout around the country and the world.

Today’s Total: 12,417

Nokia Siemens Networks has plans to lay off 5,700 workers globally as a cost-cutting measure… The Royal Bank of Scotland will lay off 3,700 staff members as part of a company-led “modernization program”… UPM-Kymenne Corp., the world’s largest magazine paper manufacturer, has laid off 870 Finnish employees in response to the industry’s downturn… On Monday, Iowa announced preliminary plans to lay off 792 employees of the state… Time Inc. plans to cut up to 6% of its workforce next week, a move that would impact 540 employees… Michigan’s Department of Human Services is forced to eliminate 320 workers due to state budget cuts… Hartford, Conn. will reduce its workforce by 200 staffers due to a budget shortfall… Eli Lilly will lose another 191 salespeople before the end of the year… PartnerTech notified 55 employees in Sweden of impending layoffs… Poughkeepsie County’s newest budget calls for the layoffs of 25 employees… Danversbank in Massachussetts laid off 15 last week…E! Entertainment network has laid off up to 9 additional staffers.

Are you one of the Screwed? Check out Recessionwire’s Laid Off 101. Read more about layoffs at the sites compiled on our layoff tracker page.

Tags: economy, employees, employers, Screwed, The Unemployed Life