• Most Popular
  • Most Shared

UPDATE 1-Nokia to cut 200 jobs in Internet services

Wed Aug 20, 2008 8:11am EDT

Stocks

   

(Adds details, quote)

Stocks  |  Global Markets

HELSINKI, Aug 20 (Reuters) - The world's top cellphone maker Nokia Oyj (NOK1V.HE) said on Wednesday it was looking to cut 200 jobs at its new Internet services unit.

"The unit plans to integrate some of our content delivery services into a single service," Nokia said, adding its Internet services push continued unchanged with a focus on music, games, messaging and location based services.

Nokia is investing heavily in building up Internet services as the cellphone market matures, and said it would hire more than 200 people elsewhere within the unit this year.

"We have made great progress with the initial offering this year and I see great potential going forward as we bring context aware Internet services to people's pockets," Niklas Savander, head of the unit, said in a statement. (Reporting by Tarmo Virki; editing by Elaine Hardcastle)



More from Reuters

Photo

Obama says U.S. will pursue plane attackers

KAILUA, Hawaii (Reuters) - A wing of al Qaeda claimed responsibility on Monday for a failed Christmas Day attack on a U.S.-bound passenger plane, and President Barack Obama vowed to bring "every element" of U.S. power against those who threaten Americans' safety. | Video

Passengers pass security notices as they approach the departure gates at Gatwick Airport, in southern England December 28, 2009. REUTERS/Luke MacGregor

Travelers met with hassles

The U.S. is stepping up airline security measures following the Christmas bomb scare. Here's what you can expect.  Full Article | Video 

Iranian protesters take a policeman away to a safe place after he was beaten by angry protesters during fierce clashes in central Tehran December 27, 2009. Credit: REUTERS/Stringer

Deaths, arrests in Iran

Is Iran's "iron fist of brutality" a new volatile phase aimed at crushing the refomist movement?  Full Article | Video