Nokia to cut 1,700 jobs

Reuters
Tuesday 17 March 2009 13:42 GMT
Comments

Support truly
independent journalism

Our mission is to deliver unbiased, fact-based reporting that holds power to account and exposes the truth.

Whether $5 or $50, every contribution counts.

Support us to deliver journalism without an agenda.

Louise Thomas

Louise Thomas

Editor

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.

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in