- 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)
Thursday, June 14, 2012
Nokia Layoffs
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