DragonWave cuts 33 pct jobs, amends deal with Nokia Siemens

(Reuters) - Telecom network equipment maker DragonWave Inc said it cut 33 percent of its senior management jobs and amended its deal with Nokia Siemens Networks to reduce operating costs. Cash-strapped DragonWave, which has been trying to cut costs since it acquired Nokia Siemens's microwave technology business last June, said last month that it would cut costs further but did not specify what the measures were. According to the renewed deal, Nokia Siemens will make an immediate cash payment of $13. ...



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