Nokia Axes 1,700 Jobs
"Cost-reduction plan" is one of the most dreaded expression nowadays and Nokia is the latest company to pronounce it. Around 1,700 staffer will be affected.
March 18, 2009
Where applicable, Nokia will start consultations with employee representatives about these plans.
Nokia plans to scale sales, marketing and technology management to match the pruned portfolio and global consumer demand; address the marketing and other activities that will no longer be integral following the Symbian acquisition; streamline the Devices R&D organization; and increase efficiency in certain global support functions.
However, the worst part is at the end of the statement: the company will continue to seek savings in operational expenses. In other words, other departments might be lined up for trimming as well in the near future.