All data is delayed
Loading...
See More

Nokia to axe 10 000 jobs worldwide

Jun 14 2012 09:10
Reuters

Paris - Loss-making Finnish cellphone maker Nokia plans to cut another 10 000 jobs globally and warned the second-quarter loss from its cellphone business would be larger than expected.

The cuts bring total planned job cuts at the group since Stephen Elop took over as chief executive in September 2010 to more than 40 000.

Nokia said it would book additional restructuring charges of around €1bn by the end of 2013.

Nokia stock has crashed more than 70% since it announced in February 2011 it was dropping its own Symbian smartphone operating software and switching to Microsoft's largely untried Windows Phone system.

 
nokia

NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

SMALL BUSINESS

Myths that funding and red tape are the two biggest challenges faced by emerging companies and entrepreneurs, have been debunked by a report.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

Working remotely is:

Previous results · Suggest a vote

Loading...