By Allen Tsai | Wed Feb 25, 2009 6:54 am |
Nokia, the world's leading mobile phone maker, said it plans to cut 1,000 jobs globally through voluntary departures.
"As part of its previously announced plans to increase cost-efficiency and adapt to the challenging market environment, Nokia today announced new voluntary measures aimed at reducing personnel-related costs and lessening the need for involuntary redundancies," the company said in a statement."The Voluntary Resignation Package will be open for application from March 1 until 1,000 employees have applied, closing at the latest May 31, 2009." Last month, Nokia reported a 69 percent slump in fourth-quarter earnings due to falling handset prices and sales, and said it would launch a cost cutting program that would include job losses to boost profitability. The firm said at the time its goal was to achieve annual cost savings of more than $890 million. Earlier this month, it announced it would reorganize its research and development operations in Finland and aimed to cut more than 400 jobs.
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Thu Jan 26, 2012 2:39 pm | By
Nokia's recent loss in profits highlights the company's difficult transition, as it shifts towards Windows phones and gears up for big changes in this year.
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Thu Jan 26, 2012 11:14 am | By
Nokia's Windows Phone-powered Lumia 900 will sell for $100 when it launches at AT&T later this year, according to reports, in a move that will raise the profiles of the maker and the OS.
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Tue Jan 24, 2012 11:30 am | By
Nokia shipped more than one million Lumia handsets last year, analysts estimate, signaling early success for the company's critical Microsoft partnership.
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Thu Jan 12, 2012 1:02 pm | By
Analysts predict a surge of sales for the Windows Phone platform, as Nokia and Microsoft head into the smartphone market in 2012 with updated hardware and plans for heavy promotion.
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