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Old 03.17.2009
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Nokia to cut 1,700 jobs in sinking phone market

Nokia to cut 1,700 jobs in sinking phone market

3/17/09
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HELSINKI (Reuters) – Nokia Oyj will slash 1,700 jobs globally over the coming few months because of falling demand, the world's top cellphone maker said on Tuesday.
Nokia said in January it aimed to cut annual costs at its key handset unit alone by more than 700 million euros ($909.3 million) to counter the plunging demand.
Nokia said on Tuesday that, in addition to its handset unit, it would also cut jobs in its marketing unit, corporate development office and global support functions.
Up to 700 jobs would be cut in Finland.
http://news.yahoo.com/s/nm/20090317/bs_nm/us_nokia
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