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article imageNokia to cut another 3,500 jobs

By Milo Noblet     Sep 30, 2011 in Business
The Finnish telephone manufacturer Nokia is to cut another 3,500 jobs as part of its ongoing billion-euro cost-cutting plan.
Nokia is axing another 3,500 jobs as part of its €1,000,000,000 austerity plan, announced by the Finnish phone company this April.
Around 1300 jobs are to be cut from Nokia's location and commerce section, which handles cartography (map-making) for Nokia phones, as well as closing the Nokia factory in Romania, an action which will trigger the loss of 2200 jobs.
The job losses come after a year of austerity measures at Nokia, which is still the world's largest telephone manufacturer (in terms of volume).
Nokia announced in April that it would be cutting 4000 jobs and transferring 3000 employees to Accenture, as CEO Stephen Elop focused the company on smartphones. The latest round of cuts brings the total job losses at Nokia to around 10,000 - a sixth of the company's staff - since April.
Nokia has rapidy lost its share of the smartphone market, suffering from the great successes of Apple's iPhone and mobile devices running on Google's Android operating system. Nokia have this week begun shipments of what is thought to be their final smartphone before all Nokia smartphone's will run Microsoft's Windows Phone 7 operating system
More about Nokia, Job, Cut, Loss, Smartphone
 
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