Nokia to cut 490 more jobs

Nokia announced it would cut more jobs as part of its worldwide money-saving program. The company said it would slash 170 jobs in in logistics, production management and production support, though it said the actions would not affect employees at Nokia's handset manufacturing facilities.

Additionally, Nokia 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 vountary separation deal it offered 1,000 global employees in February proved popular.

Since the beginning of the year, Nokia has pared 4,000 total jobs. The company wants to reduce costs in its handset unit by $920 million annually. Nokia's first quarter profit dropped by 90 percent and sales fell 27 percent when compared with the same quarter a year ago.

For more:
- see this release
- see this article
- see this article

Related Articles:
Nokia sees Q1 profit drop 90%, reaffirms handset forecast
Nokia suspends use of subcontractors for manufacturing
Nokia cutting 1,700 jobs
Nokia cuts R&D jobs amid weak sales
Report: Nokia's smartphone market share dropping

Suggested Articles

Worldwide RAN revenues are projected to reach $200 billion over the 2019-2024 forecast period.

C Spire said it’s delivering mobile speeds up to 200 Mbps after upgrading more than 150 LTE sites across Mississippi.

Uncertainty related to the proposed merger of T-Mobile and Sprint led to reduced sales in North America for Ericsson during the fourth quarter.