Don't miss

Replay


LATEST SHOWS

EYE ON AFRICA

Tunisia's Parliament votes on new Government

Read more

MEDIAWATCH

French court rules #burkini ban "clearly illegal"

Read more

THE WORLD THIS WEEK

Biden in Turkey, Colombia Peace Deal, Ethiopia Olympic Protest (part 2)

Read more

THE WORLD THIS WEEK

Earthquake in Italy, French Burkini Ruling (part 1)

Read more

FRANCE IN FOCUS

The hidden secrets of Les Invalides

Read more

FOCUS

Pro-Opposition stronghold Port-Gentil feverishly awaits presidential elections

Read more

ENCORE!

Alexis Michalik: treading the boards in the footsteps of 'Edmond'

Read more

REPORTERS

Getting away with murder in DR Congo

Read more

IN THE PAPERS

'Why does Italy refuse to see the seismic risk?'

Read more

Business

Nokia will slash 1,700 jobs worldwide to cut costs

Latest update : 2009-03-17

To adapt to falling consumer demand, Nokia, the world's top cellphone maker, has announced it would axe 1,700 jobs worldwide over the coming few months as part of a major cost-cutting plan in the wake of the financial crisis.

AFP - Nokia, the world's leading mobile phone maker, said Tuesday it planned to cut another 1,700 jobs worldwide as part of cost-cutting measures.
  
"Altogether these plans will affect approximately 1,700 employees globally. Where applicable, Nokia will start consultations with employee representatives about these plans," the company said in a statement.
  
Nokia's head of communications, Arja Suominen, told AFP the new job cuts were part of plans announced last December to slash costs by around 700 million euros (909 million dollars) or more over the next couple of years.
  
"We have since announced several initiatives. This is a new initiative," she said.
  
Nokia also said last month it planned to cut 1,000 jobs globally through voluntary departures.

Date created : 2009-03-17

COMMENT(S)