Nokia axes 1700 jobs

Posted on Tuesday, March 17 2009 @ 20:45 CET by Thomas De Maesschalck
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.


About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.



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