Nokia to cut 1,800 staff globally

0
328

Nokia to cut 1,800 staff globally as it looks to accelerate transformation

Nokia is to cut up to 1,800 staff globally as it moves to transform its business and simplify product development.

Cuts will be made in its Symbian smartphone, services and corporate functions. The cuts were announced as it released its Q3 results.

In Symbian smartphones, Nokia said it plans to refresh its product creation initiatives to increase responsiveness to consumer demands and reduce time to market. This includes expanding the use of common tools for application development, streamlining software development, simplifying and consolidating operations and placing greater focus on adding value to consumers.

In services, Nokia is to target what it calls an ‘integrated Ovi experience’, as opposed to its current end-to-end service lines.

Nokia said it is also streamlining certain corporate functions and corporate research activities.

The planned changes are expected to result in a reduction of up to 1,800 employees globally as activities are discontinued and integrated. Nokia will begin applicable consultations with employee representatives about these plans.

Nokia executive vice president of human resources Juha Äkräs said: “We are committed to managing these changes in a way that reflect Nokia’s values, and will support affected employees with alternative solutions, such as helping them find new positions within the company.

“The announcement today is the result of careful evaluation and planning; the plans have now been reviewed and endorsed by the new management.

“The aim is to accelerate the company’s transformation towards a leading mobile solutions provider, and to do this we are simplifying and integrating operations within our product creation and corporate functions.”

NO COMMENTS

LEAVE A REPLY