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Nokia to Cut 10,000 Jobs and Close 3 Facilities

Submitted by Senthil Kumar on 2012, June 15 - 09:11

Nokia to Cut 10,000 Jobs and Close 3 FacilitiesIn a Thursday disclosure, Finnish handset-maker Nokia said that it intends cutting nearly 19 percent of its workforce - that is, slashing almost 10,000 jobs - by the end of next year; and closing down three of its facilities.

Nokia reports Q1 loss as sales of less sophisticated phones slips

Submitted by Senthil Kumar on 2012, April 20 - 08:18

Nokia reports Q1 loss as sales of less sophisticated phones slipsReporting disastrous first-quarter results on Thursday, Finnish handset-maker Nokia said that a 29 percent plunge in the company’s sales had resulted in a loss of €929 million ($1.2 billion), as compared to a €344 million profit during the same quarter last year.