Nokia to cut 450 jobs
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- April
- 28
Mobile phone giant Nokia Oyj said that it will eliminate about 450 jobs globally as it reorganizes its services unit to cut costs and better target its investments.
Nokia said that the changes are also designed to simplify customer experiences and open up opportunites for outside developers of mobile phone applications. Nokia, based in Finland, also announced plans to streamline its internal information technology unit and corporate development office unit.
It was unclear what impact that the job cuts will have on Nokia’s offices in Harrison.
“Where applicable, Nokia will start consultations with employee representatives about these plans,” the company said in a written statement. “All of these measures are part of Nokia’s previously announced plans to adjust its business operations and cost base in accordance with market demand and to safeguard future competitiveness.”
In February, Nokia made a “voluntary resignation package,” available to most of its employees worldwide. Nokia said employees were eligible to apply for the severance until 1,000 had done so, or until May 31.
Nokia, the world’s largest maker of mobile phones, cut its dividend in January after phone sales slumped as a result of the severe economic downturn.
This entry was posted
on Tuesday, April 28th, 2009 at 4:15 pm by Jay Loomis.
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