Nokia Will Cut 10000 Jobs


Nokia Will Cut 10000 Jobs: The Finnish mobile phone maker Nokia plans to cut another 10,000 jobs worldwide and warned that losses in its mobile business in the second quarter could be worse than expected.

The announcement brings to more than 40,000 total cuts planned by the company since Stephen Elop took care of it.

Nokia said it would have additional restructuring charges of about 1,000 million euros by the end of 2013.

Nokia shares have slumped more than 70 percent since it announced in February 2011 that left its own operating system for smartphones Symbian to opt for the Windows Phone from Microsoft, which is untested.