SIEMENS NOKIA MERGER?
Nokia Corporation and Siemens AG have announced a merger of communications service provider businesses. The proposed Nokia Siemens Networks will have an expected annual revenue of $20 Billion USD. BenQ, another major cellular phone company had recently acquired Siemens' handset division.
Mergers and acquisitions have become a ritual of today's global multinationals. Increasing market share, world-wide presence and economics of scale are a few of the main advantages of such mergers and acquisitions. But are people aware of the downsides of M&As? I just watched in the TV news that 9000 people will be victims of globalization loosing their jobs because of the Siemens-Nokia merger.