Nokia to cut 10,000 jobs
14 June 2012
Finnish firm Nokia is to axe 10,000 of its staff by the end of 2013 from its mobile phone business.
The firm said that it expects charges of about €1bn (£811m) relating to the restructuring programme.
"These planned reductions are a difficult consequence of the intended actions we believe we must take to ensure Nokia's long-term competitive strength," said Nokia CEO Stephen Elop.
"We do not make plans that may impact our employees lightly, and as a company we will work tirelessly to ensure that those at risk are offered the support, options and advice necessary to find new opportunities," he added.
Nokia has also warned that it expects greater losses than expected in its second quarter financial results.
The firm has had to battle with Apple and smartphones on Google's Android platform and said during the second quarter of 2012 is negatively affecting the smart devices business unit to a greater extent than expected".
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