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Nokia plans 10,000 layoffs, cuts second-quarter outlook

Nokia plans 10,000 layoffs, cuts second-quarter outlook

Nokia will cut 10,000 positions by the end of 2013, the company announced today.
The layoffs are part of a strategy on Nokia’s part to “rescale” its operation. In doing so, it plans to close facilities in Ulm, Germany and Burnaby, Canada; consolidate certain manufacturing operations; and streamline its IT, corporate, and support functions.
“These planned reductions are a difficult consequence of the intended actions we believe we must take to ensure Nokia’s long-term competitive strength,” Nokia CEO Stephen Elop said today in a statement. “We do not make plans that may impact our employees lightly, and as a company we will work tirelessly to ensure that those at risk are offered the support, options and advice necessary to find new opportunities.”
Nokia had 122,100 employees at the end of March, including 68,600 at Nokia Siemens Networks.
The layoff announcement comes seven months after the decision to slash 17,000 jobs by 2013 at Nokia Siemens Networks.

Read More/Source: C|Net

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