Nokia announces 1700 global job cuts

Nokia announces 1700 global job cuts
Nokia has announced it will cut 1700 jobs around the world including an unconfirmed amount in the UK to reflect the lessening demand for handsets.

The manufacturer will cut jobs in sales, marketing and technology management in its Devices and Markets units as well as in its Corporate Development Office and global support functions.

Nokia said in a statement this morning: ‘Nokia plans to scale sales, marketing and technology management to match the pruned portfolio and global consumer demand; address the marketing and other activities that will no longer be integral following the Symbian acquisition; streamline the Devices R&D organization; and increase efficiency in certain global support functions.’

A spokeswoman told the Guardian this morning that 700 jobs will be lost in Finland, with a smaller number of jobs also being cut in the US and the UK. She added that many other countries would be affected but to a lesser extent.

The cuts are part of a previously announced plan to cut costs by €700m (£647m), and are on top of 600 job cuts announced in November.

Last month, Nokia appealed for 1000 volunteer redundacies in its ‘voluntary redundancy programme’.

Nokia said it will continue to seek cost cutting measures in all operational aspects of the company.
Written by Mobile Today
Mobile Today


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