Nokia cuts 1,000 jobs worldwide in new restructuring
Nokia, the world’s leading mobile phone maker, said Tuesday it has launched new restructuring measures and plans to cut 1,000 jobs globally through voluntary departures.
“As part of its previously announced plans to increase cost-efficiency and adapt to the challenging market environment, Nokia today announced new voluntary measures aimed at reducing personnel-related costs and lessening the need for involuntary redundancies,” the company said in a statement.
“The Voluntary Resignation Package will be open for application from March 1 until 1,000 employees have applied, closing at the latest May 31, 2009.”
via AFP
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