Nokia to Cut 3,500 Jobs

According to reports in Develop and MCV mobile giant Nokia will slash 3,500 manufacturing jobs as part of a series of cost-cutting measures. The Finnish mobile phone company announced that it plans to cut around 1,300 jobs from its location and commerce division, and close its Cluj factory in Romania, at the cost of another 2,200 staff.

Nokia is making good on its promise it made in February to cut thousands of jobs from its global business, in a bid to save as much as €1 billion.

Nokia CEO Stephen Elop told employees in February that the business was in jeopardy unless drastic measures were taken. A few days after making those comments, he announced that a deal to provide smartphones for Microsoft’s Windows Phone operating system.

After announcing the cuts, Elop said that Nokia "will emerge as a more dynamic, nimble and efficient challenger."

"We must take painful, yet necessary, steps to align our workforce and operations with our path forward," he added.

Source: Develop by way of MCV

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