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Report: Nokia to cut 330 jobs

Friday, November 20th, 2009

Finnish handset manufacturer Nokia announced today that it will lay off 330 workers from its research and development staff, which CNET says is roughly equivalent to 2 percent of its global R&D workforce.

The company will lay off 230 workers from its Oulu, Finland site and 100 more from a site in Copenhagen. PC World reports that Nokia has already made staffing cuts this year, announcing a larger layoff of 1,700 employees in March.

Nokia says that it will still employ 17,000 people to work in research and development for various branches of the company’s operations, and will consider offering voluntary buyouts and severance packages. Nokia will negotiate these issues with the union that represents their R&D workforce.

CNET says that Nokia, though still the biggest producer of cell phones in the world, has seen its commanding lead in the handset market eroded by competition, particularly in the high end of the market. Apple recently surpassed Nokia as the most profitable cell phone maker in the world. Mobile management professionals are expected to note the company’s declining fortunes and structure expenditure accordingly.ADNFCR-2628-ID-19472118-ADNFCR

Related Posts - ordered by relevance

  1. Nokia World 09: Can Nokia stay relevant with new offerings? September 2nd, 2009  
  2. Handset giant Nokia falling behind Apple in profits November 12th, 2009  
  3. Nokia sues Apple, claiming copyright infringement October 23rd, 2009  
  4. Nokia raises smartphone market profile with new line of wireless technology solutions March 2nd, 2010  
  5. Enterprise wireless solutions from Nokia see sales gains January 28th, 2010  

One Response to “Report: Nokia to cut 330 jobs”

  1. N97 kaufen Says:

    enjoy your blog. Keep on the good work, I will subscribe. What do you think of the new Nokia N97?

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