Nokia to Cut 1,700 Jobs

Tuesday, March 17, 2009

Nokia to Cut 1,700 Jobs

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As part of its previously announced plans to increase cost-efficiency and adapt to the market situation, Nokia today announced further actions it is taking in Devices and Markets units as well as in its Corporate Development Office and global support functions.

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.

Altogether these plans will affect approximately 1700 employees globally, the company said.

All of these measures are part of Nokia's previously announced plans to adjust business operations and cost base in accordance with market demand and safeguard future competitiveness.