Nokia to cut 10,000 jobs by the end of 2013

In a move to cut costs and restore the company’s former glory, Nokia has just revealed its plan to cut 10,000 jobs before the end of 2013. Earlier today, Nokia released a press release citing that it will ax that many jobs on a global scale by the end of 2013. Nokia said that discussions with employee representatives have already begun to inform Nokia workers about the massive layoff. Also, Nokia is prepping up early to meet the local legal requirements.

Apart from cutting jobs, the Finnish mobile manufacturer also announced plans to shut down facilities in Germany, Finland, and Canada. It’s important to note that this is not really the first time for Nokia to opt for the rather dire solution. Last year, Nokia revealed plans to ax 7,000 jobs as part of a cost-cutting program that was deeper than expected. Earlier this year, we also wrote the news that the company is cutting down another 4,000 jobs and that it intends to move its assembly line in Asia, where the wages are lower.

Read more about Nokia.

Take action: Like | G+ | Tweet | Pin | User Comments

You May Also Like

Android Nokia Phones With 2K Displays Rumored For Launch In China

New Images Of Nokia’s Cancelled ‘Moonraker’ Smartwatch Revealed

Musician Transforms Popular Ringtones Into Classical Music

Nokia Officially Announces Their Return To Mobile

Microsoft To Sell Nokia’s Feature Phone Business To Foxconn

Nokia Announces Plans To Acquire Withings

Disney Will Use Nokia's VR Camera To Make VR Experiences

Nokia Ozo Camera Does Live VR Broadcasts Now

Most Shared

The Sega Saturn Has Finally Been Cracked After 20 Years

Lady Advertises Herself As A Pokemon GO Trainer For $20 An Hour

Samsung Galaxy Wide Officially Announced

LG To Restructure Mobile Division Following Poor LG G5 Sales

HTC ‘Marlin’ Nexus Specs Leaked

Some OnePlus 3 Users Complaining Of Yellowish Smudge On Their Screens

It Looks Like China Ripped Off Super Smash Bros. As Well

id Software Explains Why Quake Champions Is A PC-Only Game

Man Sues Apple For $10bn Alleging iOS Devices Infringed On His Ideas

Game Of Thrones Confirmed To Have 13 Episodes Left In The Series

Blizzard Wants To Help Combat Harassment On Twitch

Russian Embassy Tweets Image From Command & Conquer To Warn Of Terrorism

Fans Want Help Raising $20 Million To ‘Fix Dorne’ In Game Of Thrones

Hyperloop One’s First Public Speed Test Is A Success

Apple Hit With $2.8 Billion Lawsuit Over iMessage & FaceTime

Alleged iPhone 7 Dummy Unit Photo Surfaces