Nokia to shed 1,700 jobs worldwide

Nokia to shed 1,700 jobs worldwideHelsinki - Nokia, the world's largest maker of mobile phones, said Tuesday it planned to shed 1,700 jobs worldwide to "adapt to the market situation."

The moves were part of Nokia's plans to adjust sales, marketing and technology management. Negotiations with unions were to commence, the group said.

In January, Nokia reported a 19-per-cent drop in sales and a sharp drop in operating profit for the fourth quarter of 2008.

Last month, the group said it planned to close its site for mobile research and development in the city of Jyvaskyla by the end of 2009, impacting some 320 employees.

Research and development sites were to remain in Tampere, Oulu, Salo and the greater Helsinki area. (dpa) - Nokia, the world's largest maker of mobile phones, said Tuesday it planned to shed 1,700 jobs worldwide to "adapt to the market situation."

The moves were part of Nokia's plans to adjust sales, marketing and technology management. Negotiations with unions were to commence, the group said.

In January, Nokia reported a 19-per-cent drop in sales and a sharp drop in operating profit for the fourth quarter of 2008.

Last month, the group said it planned to close its site for mobile research and development in the city of Jyvaskyla by the end of 2009, impacting some 320 employees.

Research and development sites were to remain in Tampere, Oulu, Salo and the greater Helsinki area. (dpa)

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