Thursday, 29 September 2011
Nokia to cut 3,500 jobs, close Romania plant (Reuters)
By Tarmo Virki, European Technology Correspondent Tarmo Virki, European Technology Correspondent – 1 hr 25 mins agoHELSINKI (Reuters) – Nokia Oyj, the world's largest cellphone vendor by volume, is cutting 3,500 jobs in its second major restructuring in six months as it struggles with falling sales and profits.Chief executive Stephen Elop, who took over at Nokia a year ago, unveiled the plans which include a factory closure and a new executive chairman for telecom gear joint venture
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