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Credit: Reuters/Fabrizio Bensch FRANKFURT | Wed Dec 5, 2012 5:29am EST FRANKFURT (Reuters) - Nokia Siemens Networks confirmed on Wednesday it would close its loss-making German services company, part of a broader revamp at the telecoms equipment joint venture. On Tuesday, people familiar with the matter already said the unit, which provides network operations and management services and employs about 1,000 workers, faces closure. Shuttering the unit, effective by the end of 2013, is part of an overhaul of the joint venture between Nokia and Siemens, which includes shedding a quarter of its workforce and is expected to yield about 1 billion euros ($1.31 billion) in cost savings. ($1 = 0.7642 euros) (Reporting by Harro ten Wolde) Tech Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. 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