° °
  • Firstline - TV3 New Zealand

    Firstline

    Weekdays 6am

  • 3 News - TV3 New Zealand

    3 News

    Nightly 6pm

  • Campbell Live - TV3 New Zealand

    Campbell Live

    Weekdays 7pm

  • 3rd Degree - TV3 New Zealand

    3rd Degree

    Wednesdays 8.30pm

  • The Paul Henry Show - TV3 New Zealand

    The Paul Henry Show

    Weekdays 10.30pm

  • Three 60 - TV3 New Zealand

    Three 60

    Sundays 9.30am

  • The Nation - TV3 New Zealand

    The Nation

    Sat 9:30am / Sun 10am

Nokia slashes more than 1000 jobs

Friday 18 Jan 2013 8:12 a.m.

Last week, Nokia said it expects to return to profitability (Reuters)

Last week, Nokia said it expects to return to profitability (Reuters)

Struggling Nokia Corp is downsizing by more than 1,000 jobs, part of a wide-ranging plan to cut costs and streamline operations.

The Finnish firm says it will lay off 300 workers in its IT sector and transfer "some activities and up to 820 employees to strategic partners", India-based HCL Technologies and TATA Consultancy Services, which have operations in Finland.

Nokia said Thursday that the changes, mostly in Finland, are part of 10,000 job cuts and plant closures announced in June.

The former No 1 phone maker has been edged out by Samsung Electronics and Apple's iPhone in the tough smartphone race and is aiming to save €1.6 billion by the end of 2013.

Last week, Nokia said it expects to return to profitability as fourth-quarter mobile phone sales exceeded expectations.

AP

Others Are Watching

comments powered by Disqus

Trending