February 11, 2011 / 11:19 AM / in 8 years

UPDATE 1-Nokia to cut jobs, Finnish govt takes action

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HELSINKI, Feb 11 (Reuters) - The world’s top mobile phone maker Nokia NOK1V.HE will cut jobs in Finland and elsewhere as the company reforms its strategy, said Chief Executive Stephen Elop.

“There will be substantial reductions in employment in various locations around the world, and that too will affect Finland,” Elop said in London, adding it was too early to estimate how many jobs might be cut.

The Finnish government said it was prepared to help people find new jobs.

“This is the biggest structural reform which has ever impacted new technology in Finland,” Economy Minister Mauri Pekkarinen said in a statement. “Finland will remain our home,” Elop said in the press conference. (Reporting by Helsinki Newsroom)

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