Nokia to axe 330 jobs in Finland, Denmark

Last Updated: Friday, November 20, 2009 - 20:53

Helsinki/New Delhi: Handset giant Nokia
on Friday said it will cut around 330 jobs in Finland and Denmark,
as part of streamlining research and development operations.

The company plans to streamline research and development
(R&D) operations in Finland and Denmark, which is expected to
affect up to 230 employees at the Oulu site (Finland) and
about 100 employees at the Copenhagen site, Nokia said in a
statement.
The company has around 17,000 employees in the research
and development division, of which more than 2,000 are in Oulu
and over 1,000 are based in Copenhagen.

The company said it aims to support the employees with
alternative solutions, such as finding new positions within
the company for as many employees as possible.
Nokia, in the third quarter of 2009, reported an
operating loss of 426 million euros. It had posted an
operating profit of 1.5 billion euros in the year-ago period.

PTI



First Published: Friday, November 20, 2009 - 20:53

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