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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

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