Nokia to cut 1,700 jobs
Tuesday 17 March 2009
Nokia will slash 1,700 jobs globally over the coming few months because of falling demand, the world's top mobile phone maker said today.
Nokia said in January it aimed to cut annual costs at its key handset unit alone by more than €700m (£649m) to counter the plunging demand.
Nokia said today that, in addition to its handset unit, it would also cut jobs in its marketing unit, corporate development office and global support functions.
Up to 700 jobs would be cut in Finland.
The overall mobile phone market is expected to contract by about 10 per cent this year, hurt as consumers rein in spending and handset sellers try to clear out unsold phones.
Nokia said it was continuing to seek savings in operational expenses, looking at all areas and activities.
Last month Nokia said it was offering severance packages to the first 1,000 employees who volunteered to leave, and cut production at its key Salo plant in Finland.
- 2 How the language you speak changes your view of the world
- 4 Italian police 'reveal' what Jesus looked like as a young boy
'Fire at every person you see': Israeli soldiers reveal they were ordered to shoot to kill in Gaza – even if the targets may have been civilians
Italian police 'reveal' what Jesus looked like as a young boy
Who should I vote for? The Independent quiz matches best political party for undecided voters ahead of the general election
First-time buyers in London 'need to earn at least £77,000'
General Election 2015: Photographic history of Bullingdon Club tracked down - including new picture of David Cameron in his finery
In defence of liberal democracy
Over 50,000 families shipped out of London boroughs in the past three years due to welfare cuts and soaring rents
EU asylum policy is 'a direct threat to our civilisation', says Nigel Farage
The Rothschild Libel: Why has it taken 200 years for an anti-Semitic slur that emerged from the Battle of Waterloo to be dismissed?
General Election 2015: UK will be 'run for the wealthy and powerful' if Tories retain power, Labour warns
Schools forced to act as 'miniature welfare states' with teachers buying underwear and even haircuts for poor pupils
iJobs Money & Business
£20000 - £25000 per annum + Uncapped commission: SThree: Can you speak German,...
£25000 - £30000 per annum + benefits: Ashdown Group: An exciting opportunity f...
£215 per day: Ashdown Group: Junior Project Manager (website, web application ...
£40-50K: Guru Careers: We are seeking an experienced Software Engineer / Softw...