Nokia to slash 1,800 jobs in networking division
Mobile phone equipment manufacturer Nokia is to cut 1,800 jobs in its network infrastructure division.
The division, which manufactures mobile phone infrastructure equipment such as base stations and mobile switching centres, posted a substantial first-quarter loss this year.
Many of Nokia's mobile operator customers have cut investment in new equipment to reduce their heavy debt after the expensive purchase of third-generation licences.
Around 1,100 of the job cuts will be in Finland.
Nokia will also review the costs, scope and number of research and development programs in the network division, with the aim of reducing the number of product lines to match the market situation.
