Nokia sells Vertu, cuts 10,000 jobs and restructures management

In what seems like a bid to try and recover all that the Finnish company is losing in their drastically decline market share and stocks, Nokia seems to be

June 14, 2012 / 15:00 IST

In what seems like a bid to try and recover all that the Finnish company is losing in their drastically declining market share and stocks, Nokia seems to be working on a major overhaul of company structure and cleaning house. In a recent announcement, as a cost cutting measure, Nokia has decided to render about 10,000 of their employed work force redundant. The number includes those in their global work force. Nokia is beginning the process of engaging with employee representatives in accordance with country-specific legal requirements.Click here for full story

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first published: Jun 14, 2012 02:55 pm

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