April 28, 2009 / 11:05 AM / 10 years ago

FACTBOX-Nokia cuts jobs, costs as economy stutters

 HELSINKI, April 28 (Reuters) - The world's top mobile phone
maker, Nokia NOK1V.HE, said on Tuesday it would slash a
further 450 jobs as it cuts costs due to slowing demand.
[ID:nLS325191]
 The overall cellphone market is expected to contract roughly
10 percent this year as consumers rein in spending and handset
sellers try to clear stocks of unsold phones.
 The following is a list of recent job and cost-cut
announcements from Nokia and its telecom equipment gear unit
Nokia Siemens Networks (NSN) [NSN.UL]. Nokia had some 61,500
staff at end-2008, NSN had 60,300.
 
 NOVEMBER 4, 2008
 Nokia said it would cut more than 600 jobs, with 450 coming
in its markets unit, 130 at its research centre, and some 35
elsewhere. [ID:nL467886] 
 Nokia also said it would shut an office in Turku, western
Finland, and relocate the 220 staff to other Finnish sites.
 NOVEMBER 11, 2008 
 NSN said it would cut around 1,820 jobs, mostly in Finland
and Germany, citing challenging market conditions. The
announcement was the last part of its 2-billion-euro ($2.60
billion) cost-cut programme. [ID:nHEL006856] 
 The firm said it aimed to cut up to 750 jobs in Finland and
close one of its sites employing 500 staff in Munich. It said it
would sell a manufacturing site in Durach, Germany -- which
employs some 500 employees -- to management there.
 JANUARY 22, 2009
 With its fourth-quarter 2008 results, Nokia said it would
look to slash costs at its Devices and Services businesses to
under 6 billion euros by the end of 2010, meaning a cut of more
than 700 million from end-2008 levels. Nokia said the majority
of the reductions should happen in 2009. [ID:nLL462427]
 FEBRUARY 11, 2009
 Nokia said it would close a research site in the Finnish
town of Jyvaskyla, affecting 320 jobs. It said it would cut 90
jobs elsewhere, and temporarily lay off all of the 2,500 staff
at its Salo plant, on a rotational basis. [ID:nLB207501]
 FEBRUARY 24, 2009
 Nokia said it would offer a severance package to the first
1,000 employees worldwide who volunteer to leave, seeking to
avoid further layoffs. [ID:nLO579873].
 MARCH 17, 2009
 Nokia unveiled 1,700 more job cuts. It said jobs would go in
its Devices and Markets units, Corporate Development Office and
global support functions. [ID:nLH694480]
 Nokia added it would scale back sales, marketing and
technology management to match its pruned phone portfolio and
weaker global consumer demand, reduce marketing and other
activities, and streamline its Devices R&D.
 APRIL 28, 2009
 Nokia said it would cut in total 450 further jobs in its
services business, in IT support and in industry collaboration
activities. Nokia said it would focus its services investments
on fewer separate initiatives and increase the use of common
enablers across some services.
 (editing by John Stonestreet)

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