Nokia axes 1,800 staff

Struggling networks division loses more people...
Written by Will Sturgeon, Contributor

Struggling networks division loses more people...

Despite cutting 550 jobs just two months ago, mobile phone giant Nokia has announced it is to make a further 1,800 redundancies in its struggling networks division. The losses will be felt mainly at the company's Finnish operations, and represents around 10 per cent of the unit's total workforce. Amid an overall downturn in the fortunes of mobile handset manufacturers and the telecoms sector in general, Nokia's network division has been performing particularly badly. The handset division still accounts for the lion's shares of the company's revenue. A statement release by Nokia said: "Nokia Networks is taking strong measures to reduce costs [and] improve profitability."
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