Nokia to slash another 490
Nokia on Tuesday announced the company’s plan to slash another 490 jobs from its global workforce.
The world’s largest mobile phone maker, announced to cut as many as 170 positions in logistics, production management and production support areas.
Amidst the global recession, the phone making giant was hit badly by the slump in customer spending and subsequent fall in demand. Nokia has already announced over 3,500 job cuts this year in their cost saving attempts.
In an official statement release by the company, it said, “its re-organizing efforts would globally affect nearly “170 employees working in logistics, production management and production support. The plans do not affect production employees at Nokia’s mobile device manufacturing facilities”.
Nokia has also planned to offer Voluntary Resignation Package for 320 employees at its mobile device manufacturing facility in Salo, Finland. Earlier in the month of February, 1,000 such packages were handed.
The company’s official statement said, “These measures are part of Nokia’s previously announced plans to adjust its business operations and cost base in accordance with market demand and safeguard future competitiveness.”
