Nokia slashes 7,000 jobs in major strategy shift
by Matti Huuhtanen
HELSINKI (AP) - Nokia Corp. said Wednesday it will slash 7,000 jobs worldwide, through both layoffs and outsourcing, as it strives to cut costs and catch up with its top rivals in the smartphone market.
Most of the 4,000 layoffs, due by the end of 2012, will be in Denmark, Finland and Britain, Nokia said.
It also plans to transfer 3,000 workers in China, Finland, India, Britain and the United States to Accenture PLC as it outsources Symbian platform operations to the global management-consulting firm, in a major shift of strategy.
Associated Press text, photo and/or graphic material shall not be published, broadcast, rewritten for broadcast or publication or redistributed directly or indirectly in any medium. Neither these AP Materials nor any portion thereof may be stored in a computer except for personal and non-commercial use. The AP will not be held liable for any delays, inaccuracies, errors or omissions therefrom or in the transmission or delivery of all or any part thereof or for any damages arising from any of the foregoing.
Latest Stories
- Detroit Makes History: Mary Sheffield’s Election Expands the Legacy of Black Women Mayors
- Per Scholas Chicago Provides Access To Tech Certifications
- Malcolm Evans Recognized For His Work In The Community
- Chicagoans Bid Farewell To Joseph "Joe" Caldwell Sr.
- Healing House Promotes Mental Health And Wellness
Latest Podcast
Secretary of State Giannoulias
