Nokia to cut another 1,700 jobs worldwide

Nokia to cut another 1,700 jobs worldwide
AFP
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First Published: Tue, Mar 17 2009. 03 54 PM IST
Updated: Tue, Mar 17 2009. 03 54 PM IST
Helsinki: 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) 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.
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First Published: Tue, Mar 17 2009. 03 54 PM IST
More Topics: Nokia | Finland | Telecom | Job cuts | Economy |