Of all the industries that have achieved record profits recently, none have posted more remarkable results than the airline industry. For the first time in a decade, the industry is on a glide path to profitability — but it’s …
The U.S. is hardly alone in losing work to cheaper skilled labor in foreign countries. Australia, Canada and Israel, among others, have dropped off Gartner’s list of the top 30 countries for outsourcing. Here’s where IT and bus…
The TJX Companies announced Friday that it was shutting down its A.J. Wright brand, converting 91 of its 162 stores to those of its other brands — T.J. Maxx, Marshalls or HomeGoods — and closing the rest. The move will elimin…
Companies that develop medicines have been bleeding jobs in the last few months, with three — Biogen Idec, Charles River Laboratories and NicOx — announcing about 1,000 new workforce cuts this week. When will the bleeding sto…
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.
The news came as the…
Continue reading Nokia to Cut 1,800 Jobs, Posts Strong Profit
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