Nokia cuts over 300 jobs

Nokia is cutting over 300 jobs in its home country of Finland as it spreads out its research and development facilities to be nearer its global markets.

Nokia is cutting over 300 jobs in its home country of Finland as it spreads out its research and development facilities to be nearer its global markets.

The company says it will be attempting to re-deploy 200 R&D people to other parts of the company following changes in its struggling networks division.

The networks division designs and builds hardware used by mobile operators in their networks.

Around another 100 jobs will go in Nokia’s enterprise solutions business group, which develops mobile technology and services for companies. With these cuts, Nokia is offering voluntary redundancy and possible re-deployment to other parts of the group.

The company says some of these jobs will also be re-located to other parts of the world.

In addition, to these job cuts, Nokia says other Finnish divisions are also expected to see job cuts, including in its financial services division. Nokia has not put a total on these cuts.

At the end of last year, Nokia employed 59,000 people worldwide, and 23,500 of these worked in Finland.

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