Nokia to cut 490 more jobs

Nokia has announced it would axe more jobs as part of its worldwide cost-cutting program.
 
The company said it would slash 170 positions in logistics, production management and production support, though it said the actions would not affect employees at Nokia's handset manufacturing facilities.
 
Additionally, the handset giant said it would offer a voluntary separation package for up to 320 employees at its manufacturing plant in Salo, Finland.
 
The package will be offered next month. The company said that an earlier voluntary separation deal it offered 1,000 global employees in February proved popular.
 
Since the beginning of the year, Nokia has pared 4,000 jobs as it aims to reduce costs in its handset unit by $920 million annually.
 
Nokia's first quarter profit dropped by 90% and sales fell 27% when compared with the same quarter a year ago.
 
For more:
- see this release
- see this article
- see this article

Suggested Articles

Wireless operators can provide 5G services with spectrum bands both above and below 6 GHz—but that doesn't mean that all countries will let them.

Here are the stories we’re tracking today.

The 5G Mobile Network Architecture research project will implement two 5G use cases in real-world test beds.