Thursday, June 14, 2012

Nokia Layoffs

  • PARIS (Reuters) - Loss-making Finnish cellphone maker Nokia plans to cut another 10,000 jobs globally and warned the second-quarter loss from its cellphone business would be larger than expected.
  • (Huffington Post)
  • Nokia is still trying to turn things around after a slew of losses, and has made some tough decisions about how to move forward by announcing it will reduce staff by up to 10,000 people before the end of 2013.
  • (engadget)
  • The present announcement of job cuts will increase the total layoffs in Nokia after Stephen Elop took over as chief executive in 2010 to more than 40,000.
  • (International Business Times)
  • But Nokia Siemens has struggled and announced a wave of staff cuts globally over the past year, including a 3,500-person layoff in Latin America following the end of a large services deal in the region.
  • (Reuters)
  • The latest examples could be Nokia and Hewlett-Packard (NYSE: HPQ). Actually, the latest example could be Huawei, which has had a tough 2012, highlighted by investigations in both the United States and Europe and declining revenues.
  • (FierceTelecom)
  • The layoffs are part of a restructuring plan following the companys recently completed acquisition of Nokia Siemens Networks (NOK, SI) microwave transport business.
  • (Marketwatch)
  • It is common to see companies cutting positions when they are faced with adversities, he said. The latest examples could be Nokia and Hewlett-Packard.
  • (China Daily)

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