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Nokia axes 1700 jobs

Posted on Tuesday, March 17 2009 @ 20:45:58 CET by

Finish cell phone maker Nokia will cut 1,700 jobs worldwide due to lower demand from consumers.
The Espoo, Finland-based group said it plans to scale sales, marketing and technology management to match the pruned portfolio and global consumer demand.

It will also cut marketing and other activities that will no longer be needed following the Symbian acquisition; streamline the research-and-development organization within devices; and increase efficiency in certain global support functions.
At the end of 2008, Nokia employed 125,896 workers around the globe.



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