Nokia to cut 10,000 jobs by the end of 2013

In a move to cut costs and restore the company’s former glory, Nokia has just revealed its plan to cut 10,000 jobs before the end of 2013. Earlier today, Nokia released a press release citing that it will ax that many jobs on a global scale by the end of 2013. Nokia said that discussions with employee representatives have already begun to inform Nokia workers about the massive layoff. Also, Nokia is prepping up early to meet the local legal requirements.

Apart from cutting jobs, the Finnish mobile manufacturer also announced plans to shut down facilities in Germany, Finland, and Canada. It’s important to note that this is not really the first time for Nokia to opt for the rather dire solution. Last year, Nokia revealed plans to ax 7,000 jobs as part of a cost-cutting program that was deeper than expected. Earlier this year, we also wrote the news that the company is cutting down another 4,000 jobs and that it intends to move its assembly line in Asia, where the wages are lower.

Gene Ryan Briones
Categories: Cellphones
Tags: Nokia