Nokia cuts another 330 jobs

Dylan Bushell-Embling
23 Nov 2009
00:00

Nokia plans to further scale back its R&D operations, culling up to 330 employees - around 2% of its research personnel.

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.

Related content

Comments
No Comments Yet! Be the first to share what you think!

This website uses cookies

This provides customers with a personalized experience and increases the efficiency of visiting the site, allowing us to provide the most efficient service. By using the website and accepting the terms of the policy, you consent to the use of cookies in accordance with the terms of this policy.