Nokia cuts another 330 jobs

The cutbacks will take place at Nokia's Oulu site in Finland - where up to 230 positions will be eliminated - and its Copenhagen site, where 100 employees will be let go, Nokia said. 

 

The handset maker said it would concentrate its efforts on fewer, more feature-rich handsets in a bid to stem the losses to its market share.

 

Nokia has around 17 000 R&D staff, including 2,000 in Oulu and 1,000 in Copenhagen.

 

Nokia has now announced around 4,000 job cuts this year, as part of a plan to save $1 billion in annual costs. Joint venture Nokia Siemens this month revealed plans to cut 5,800 of its own staff after posting a €1.1 billion ($1.63 billion) loss.

 

NSN's losses and slumping handset sales dragged Nokia into the red by €913 million last quarter – its first quarterly net loss in over a decade.