Nokia Cuts Jobs

December 15th, 2010
in News

Helsinki (Reuters):   Nokia, the world's biggest cellphone maker by volume, said on Tuesday it planned to cut about 800 jobs in its home Finnish market.

Follow up:

The company said in a statement it concluded negotiations with employee representatives on the planned reductions, which it plans to start putting into effect in January.  Those laid off in Finland will receive severance packages amounting to 5 -15 months pay.

The Finish layoffs are part of an 1,800 job reduction plan announced in October.  Read more.....

Hat tip to Sanjeev Kulkarni.

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