Nokia to cut 10,000 jobs after weaker second quarter
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Nokia to cut 10,000 jobs after weaker second quarter

www.reuters.com   | 14.06.2012.

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.
Nokia to cut 10,000 jobs after weaker second quarter

The cuts bring total planned job cuts at the group since Stephen Elop took over as chief executive in September 2010 to more than 40,000.

Nokia said it would book additional restructuring charges of around 1 billion euros ($1.3 billion) by the end of 2013.

Nokia stock has crashed more than 70 percent since it announced in February 2011 it was dropping its own Symbian smartphone operating software and switching to Microsoft's largely untried Windows Phone system.

(Reporting by Tarmo Virki; Editing by David Holmes)


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