Nokia Slashes 600 Jobs; Targets Emerging Markets With Internet Services And New Handsets

image Nokia (NYSE: NOK) announced today a major push into emerging markets, debuting seven new handsets and web applications, while revealing plans to cut 600 jobs from its marketing and research units.

The cuts come at a time when fierce competition and the sluggish economy have slowed the prospects of growth for handset makers in developed countries. Four hundred fifty employees will be cut from the Markets unit, while Nokia Research Center (NRC) will see 130 employees go, as the company says it plans to