More Nokia Cuts: 330 R&D Jobs Axed In Scandinavia

1 Comment

Nokia (NYSE: NOK) says it’s cutting up to 330 research and development jobs in Scandinavia so its technology teams are better prepared for future products.

In a statement on Friday, Nokia says that as many as 230 jobs are under threat at its site in Oulu, Finland, while “approximately” 100 face the axe at the company’s Copenhagen centre.

The company stresses that this is only two percent of its mammoth 17,000 global strong R&D workforce and both sites will remain open.

It’s part of a long-running cost-cutting drive for Nokia, mirrored by cuts across the mobile sector. The company cut 940 jobs in H109 and back in March set a target of reducing headcount by 1,700. The separate Nokia Simens Networks telecoms infrastructure JV announced this month it would cut up to 5,700 jobs.

As for Nokia’s industry peers, Vodafone is planning to save an extra £1 billion ($1.67 billion) by 2012 as part of a major cost review; Sony (NYSE: SNE) Ericsson (NSDQ: ERIC) announced plans to cut 2,000 jobs earlier this year while in April Motorola (NYSE: MOT) was hit with a $229 million one-off charge to pay severance terms for 5,600 laid-off staff.

1 Comment

Comments are closed.