Nokia Announced 7,000 Job Cuts

More Nokia job cuts around the corner

Major mobile phone maker, Nokia will be making a move to cut 7,000 jobs worldwide, through layoff and outsourcing exercises, as the company makes its attempt to play catch up with other rivals in the smartphone market.

Some 4,000 staff will go by end of the year, with most of the affected workers coming from the Europe – Denmark, Finland and Britain. The other 3,000 workers, made up of those from China, Finland, India and the United States, are subject to transfer as the company is outsourcing the Symbian platform operations to Accenture, the global services provider.

An originally Finnish company, Nokia employs more than 130,000 employees worldwide, with operations spanning across 120 countries. Nokia products are sold over 150 countries across the globe, and the company is now ranked as the world’s third largest manufacturer of mobile phones.

With an estimated brand value of $29.5 billion, the Interbrand/Business Week rank Nokia as the 8th most valuable brand in the world.

Leave a Reply