Nokia to Slash Another 1,700 from the Payroll
Nokia has said that it plans further staff reductions in light of the slackening demand for cell phones worldwide. It said that it plans to cut up to an additional 1,700 jobs globally from the handset division, as well as staff from its marketing, support and corporate development units. Combined with cuts that were already announced, Nokia is expected to cut 10% of its staff worldwide this year, and hopes to save $909 million with these latest cuts.
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