29 Sep '11, 1pm

Nokia to slash 3,500 jobs

HELSINKI - Nokia on Thursday announced a further 3,500 job cuts by 2012 as it strives to save costs while its global market share continues to fall in stiff competition against rivals. The Finnish cellphone maker said it will close a manufacturing plant in Cluj, Romania, by the end of 2011, which will mean 2,200 job cuts when supply chain operations are adjusted too. Other changes will mean the loss of another 1,300 jobs, it said. The planned layoffs are in addition to 7,000 worldwide job cuts - which Nokia announced in April - through layoffs and outsourcing. Nokia stock was virtually unchanged at 4.15 euros apiece in early trading in Helsinki. The announcement came as the world's top cellphone maker seeks to cut operating expenses by 1 billion euros (S$1.8 billion) by 2013 amid fierce competition in the top end smartphone market from Apple, Research in Motion and Google,...

Full article: http://www.todayonline.com/Business/EDC110929-0001236/Nok...

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Nokia to cut 3,500 jobs in US, Germany, Romania by end-2012

Nokia to cut 3,500 jobs in US, Germany, Romania...

channelnewsasia.com 29 Sep '11, 8am

HELSINKI - The world's largest mobile phone maker Nokia said on Thursday it planned to cut 3,500 jobs in Romania, Germany ...

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