Nokia set to cut 4,000 from its global workforce

The majority of the job cuts will come in Finland, Denmark and the UK, where about 700 of the 2,400 employees will be affected. The move will see the itsresearch and development site in Farnborough close. Nokia currently employs 131,000 people around the world, including those working at its joint venture Nokia Siemens Networks and mapping unit Navteq.

The  President and Chief Executive at Nokia, Stephen Elop, said that \”We have new clarity around our path forward, which is focused on our leadership across smart devices, mobile phones and future disruptions. However, with this new focus, we also will face reductions in our workforce. This is a difficult reality, and we are working closely with our employees and partners to identify long-term re-employment programs for the talented people of Nokia.\”

Ben Woof, analyst at CCS Insight said that “The key question is whether these cuts go deep enough. Nokia has stated that it has no further cuts planned for the foreseeable future, but I can\’t help wondering whether this is just the start of a long and painful journey as Nokia reshapes itself for life in the post-iPhone world. Running internal development teams concurrently for Symbian and Windows Phone was always going to be a challenge. There would be little incentive for the Symbian teams to put their hearts and souls into their work. Nokia\’s management team has made it clear the future lies with Windows Phone and it clearly wants this to be the primary focus internally.\”

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