Nokia to dissolve yet another 10000 jobs

HELSINKI | Finnish mobile phone maker Nokia plans to terminate up to 10,000 jobs and close new units, following a restructuring that stops advance losses. The units to be closed are located in Finland, Germany and Canada. The number of posts to be abolished is only about a fifth of the total, excluding a joint venture owned in partnership with Siemens.

The job cuts that Nokia is planning to do is because the company wants to reduce costs by 1.6 billion by 2013. As part of the restructuring, Nokia announced in September last year the closing of its plant in Romania and the layoff of 2200 employees. The Finnish group started production in Jucu, Cluj, in February 2008, the investment in the plant amounting to 60 million.

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One thought on “Nokia to dissolve yet another 10000 jobs

  1. Pingback: Weekly news retrospective: June 11-17, 2012 | The Romanian News Blog

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