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Nokia to slash 300 more jobs

Also plans to outsource 820 jobs
Thu Jan 17 2013, 10:36
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FINNISH PHONE MAKER Nokia has announced plans to cut a further 300 jobs.

Nokia said on Thursday that it will slash another 300 jobs by June 2013, adding to the 10,000 job cuts it announced last June.

The firm said, "Nokia will offer employees affected by these planned reductions both financial support and a comprehensive Bridge support program.

"These are the last anticipated reductions as part of Nokia's focused strategy announcement of June 2012."

Taking tips from our mate Bob, Nokia also revealed that it plans to oursource up to 820 jobs to two Indian consultancy firms, HCL Technologies and Tata Consultancy Services.

Nokia said that these changes will help "increase operational efficiency and reduce operating costs, creating an IT organization appropriate for Nokia's current size and scope".

That's not to say it's all doom and gloom for the Finnish phone firm though, as Nokia announced last week that it sold four million Lumia smartphones over the holiday period, exceeding analysts' expectations.

These stellar Windows Phone 8 shipments saw the firm post a €3.9bn profit, which although not on par with rivals Apple and Samsung, sees Nokia taking a step in the right direction.

Nokia CEO Stephen Elop said, "We are pleased that Q4 2012 was a solid quarter where we exceeded expectations and delivered underlying profitability in Devices & Services and record underlying profitability in Nokia Siemens Networks."

Nokia's will release its fourth quarter financial results next week on 24 January. µ


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