Nokia to layoff 1,800 employees

By on
Nokia to layoff 1,800 employees

Despite five percent rise in net sales.

Nokia’s results call overnight was overshadowed by the announcement it would be cutting 1,800 workers as part of its “transformation” strategy.

The Finnish mobile manufacturer confirmed the job losses in a statement.

“Nokia has today communicated to its employees the company's plans to accelerate its transformation and increase effectiveness.

"The plans include simplifying operations in product creation in Nokia's Symbian Smartphones organisation, as well as Nokia's Services organisation and certain corporate functions. The plans are expected to result in a reduction of up to 1,800 employees globally.”

Nokia’s executive vice president of HR, Juha Äkräs, said the decision was a difficult one but necessary for the company.

“The announcement today is the result of careful evaluation and planning; the plans have now been reviewed and endorsed by the new management,” he said.

“The aim is to accelerate the company's transformation towards a leading mobile solutions provider, and to do this we are simplifying and integrating operations within our product creation and corporate functions.”

The job losses come a month after the company appointed a new chief executive (CEO), Stephen Elop, who had previously been head of Microsoft’s business division.

Nokia reported net sales of €10.3 billion for the third quarter of this year – up five per cent year on year – but the company’s operating profits dropped by 14 per cent from €741 million to €634 million.

This article originally appeared at itpro.co.uk

Copyright © ITPro, Dennis Publishing
Tags:

Most Read Articles

You must be a registered member of iTnews to post a comment.
| Register

Poll

How should the costs of Australia's piracy scheme be split?
Rights holders should foot the whole bill
50/50
ISPs should foot the whole bill
Government should chip in a bit
Other
Flash is heading towards its grave, and that's...
Great! Good riddance
Sad! Flash had some good qualities
Irrelevant. I don't care
What's Flash?
View poll archive

Whitepapers from our sponsors

What will the stadium of the future look like?
What will the stadium of the future look like?
New technology adoption is pushing enterprise networks to breaking point
New technology adoption is pushing enterprise networks to breaking point
Gartner names IBM a 'Leader' for Disaster Recovery as a Service
Gartner names IBM a 'Leader' for Disaster Recovery as a Service
The next era of business continuity: Are you ready for an always-on world?
The next era of business continuity: Are you ready for an always-on world?

Log In

Username:
Password:
|  Forgot your password?