Nokia Oyj, the world’s biggest maker of mobile phones, plans to cut 1,700 jobs globally by scaling back sales, marketing and some technology functions to adapt to falling consumer demand.
The company, based in Espoo, Finland, will start consultations with unions regarding the cutbacks, which are part of previously announced plans to adjust to a shrinking market, Nokia said in a statement today. Of the cuts, about 700 will be in Finland, spokeswoman Eija-Riitta Huovinen said by telephone.
“Nokia continues to seek savings in operational expenses, looking at all areas and activities across the company,” Nokia said in the release.
In January, Nokia said that it would slash its dividend for the first time in seven years and forecast a 10 percent slide in industry sales as the global crisis saps consumer demand. Nokia sold 15 percent fewer phones in the fourth quarter than a year earlier and cut its industry sales forecast for a third time since November.
Agencies
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