Nokia to cut 7,000 jobs

Once one of the most recognizable names in the telecommunications industry, Nokia has been forced to lay off an additional 7,000 international workers in an effort to save 1billion Euros from their floundering company.  They’ve also recently announced a switch from their in-house Symbian operating system to the use of a Microsoft one, to be overseen by technology service provider Accenture.  The changes aim to return to profitability for a company that has lost footing to Apple and Android smartphones.

Most of the layoffs will be sent out in Europe, including Britain, Denmark, and Nokia’s home country of Finland, where an estimated 1,400 workers will be laid off. Another 9,000 Nokia jobs were eliminated in 2007, during another restructuring venture. This round of cuts hopes to save the fledgling company up to 18%.

 



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Once one of the most recognizable names in the telecommunications industry, Nokia has been forced to lay off an additional 7,000 international workers in an effort to save 1billion Euros from their floundering company.  They’ve also recently announced a switch from their in-house Symbian operating system to the use of a Microsoft one, to be overseen by technology service provider Accenture.  The changes aim to return to profitability for a company that has lost footing to Apple and Android smartphones. Most of the layoffs will be sent out in Europe, including Britain, Denmark, and Nokia’s home country of Finland, where...

Once one of the most recognizable names in the telecommunications industry, Nokia has been forced to lay off an additional 7,000 international workers in an effort to save 1billion Euros from their floundering company.  They’ve also recently announced a switch from their in-house Symbian operating system to the use of a Microsoft one, to be overseen by technology service provider Accenture.  The changes aim to return to profitability for a company that has lost footing to Apple and Android smartphones.

Most of the layoffs will be sent out in Europe, including Britain, Denmark, and Nokia’s home country of Finland, where an estimated 1,400 workers will be laid off. Another 9,000 Nokia jobs were eliminated in 2007, during another restructuring venture. This round of cuts hopes to save the fledgling company up to 18%.

 



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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