Nokia to Cut 1,800 Jobs, Posts Strong Profit
Handset maker Nokia Corp. (NOK) said Thursday that will lay off 1,800 workers as it seeks to cut costs in its Symbian Smartphone operation.
CEO Stephen Elop said that Nokia “faces a remarkably disruptive time in the industry, with recent results demonstrating that we must reassess our role in and our approach to this industry,” The Associated Press reported.
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Nokia to Cut 1,800 Jobs, Posts Strong Profit originally appeared on DailyFinance on Thu, 21 Oct 2010 06:44:00.
Filed Under: Company News, Technology, Earnings, Media, Nokia, Retail