Tuesday, March 17, 2009

Nokia streamlines operations; expects nearly 1,700 employees to be affected globally

Nokia Corp.announced further actions it is taking in Devices and Markets units and also in its Corporate Development Office and global support functions. The company said it expects these plans to affect nearly 1,700 employees globally. Further, Nokia stated that it continues to seek savings in operational expenses.

The company said it plans to scale sales, marketing and technology management to match the pruned portfolio and global consumer demand, address marketing and other activities that will no longer be integral following Symbian acquisition. The company also plans to streamline the Devices R&D organization and grew efficiency in certain global support functions.

For more news: http://www.rttnews.com/Content/QuickFacts.aspx?Node=B1&Id=884735%20&Category=Quick%20Facts

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