Nokia to reduce 10,000 Jobs, R&D Projects Globally

TNI Bureau: Mobile major Nokia in a statement said that it will cut 10,000 jobs globally by the end of 2013 and shut down some facilities in Ulm, Germany and Burnaby, Canada.

The Finnish multinational communications corporation has employed 1, 22,148 people as of March 31, 2012. The cut in devices and services is aimed at balancing its investment and rescaling the company.

The firm will reduce certain research and development (R&D) projects, which will result in closure of its facilities in Ulm, Germany and Burnaby, Canada.

It will reduce manufacturing operations and close a facility in Salo, Finland. However, R&D development in Salo will continue.

The firm said that it will focus on marketing and sales activities, including prioritisation of key markets. It will simultaneously focus on its IT, corporate and support functions.

“In addition to the already achieved annualised run rate saving of approximately 700 million euro at the end of first quarter 2012, the company targets to implement approximately 1.6 billion euro of additional cost reductions by the end of 2013,” the statement said.

It also announced to sell its luxury mobile phones business, Vertu to an European private equity firm EQT VI.

Comments

comments

Leave a Reply

000-017   000-080   000-089   000-104   000-105   000-106   070-461   100-101   100-105  , 100-105  , 101   101-400   102-400   1V0-601   1Y0-201   1Z0-051   1Z0-060   1Z0-061   1Z0-144   1z0-434   1Z0-803   1Z0-804   1z0-808   200-101   200-120   200-125  , 200-125  , 200-310   200-355   210-060   210-065   210-260   220-801   220-802   220-901   220-902   2V0-620   2V0-621   2V0-621D   300-070   300-075   300-101   300-115   300-135   3002   300-206   300-208   300-209   300-320   350-001   350-018   350-029   350-030   350-050   350-060   350-080   352-001   400-051   400-101   400-201   500-260   640-692   640-911   640-916   642-732   642-999   700-501   70-177   70-178   70-243   70-246   70-270   70-346   70-347   70-410   70-411   70-412   70-413   70-417   70-461   70-462   70-463   70-480   70-483   70-486   70-487   70-488   70-532   70-533   70-534   70-980   74-678   810-403   9A0-385   9L0-012   9L0-066   ADM-201   AWS-SYSOPS   C_TFIN52_66   c2010-652   c2010-657   CAP   CAS-002   CCA-500   CISM   CISSP   CRISC   EX200   EX300   HP0-S42   ICBB   ICGB   ITILFND   JK0-022   JN0-102   JN0-360   LX0-103   LX0-104   M70-101   MB2-704   MB2-707   MB5-705   MB6-703   N10-006   NS0-157   NSE4   OG0-091   OG0-093   PEGACPBA71V1   PMP   PR000041   SSCP   SY0-401   VCP550  100-105  , 70-486   c2010-657   70-178   OG0-091   70-178   JN0-360   ICBB   1z0-808   300-075   200-125  , 70-346   000-017   JN0-360   350-050   1Z0-061   220-901   700-501   640-911   101-400   220-901   350-030   ITILFND   400-201   220-801   70-488   210-065   HP0-S42   350-080   102-400   70-417   70-270   3002   640-692   1Y0-201   AWS-SYSOPS   2V0-621   000-089   200-101   70-533   70-488   CAP   210-260   300-070   102-400   70-980   70-346   102-400   300-209   SY0-401