Nokia Layoffs Job Cut: fires 1700 employees globally: Finance Trading Times

Nokia Layoffs Job Cut: fires 1700 employees globally

The news is not good for the employees of Nokia, the global giant in the mobile phone and technology business. It was last month in February 2009 when we had reported about a possible Nokia Layoffs Job Cuts. Now the situation is getting worse for the employees as the recession is taking a toll on all sectors and all of the sectors are feeling the heat. The latest additon to the list of organization which may go for layoffs is the Nokia. It has declared that it will layoff some 1700 workers this year. Nokia Logo

How many employees may be fired in the Nokia layoffs?
The news is that around 1700 employees may be fired from their jobs at Nokia.

What is the total no. of employees of Nokia?
Total No. of employees of Nokia is not known as of now.

What will be the cost and savings by Nokia layoffs?
No info about that.

When will the Nokia layoffs happen?
As per the reports, the layoffs will be done in this year itself, i.e. 2009.

Which locations will be affected by the Nokia layoffs ?
The job cuts are expected to be at a global level, but it is learnt that around 700 jobs will be cut in Finland. The job cuts will be in the departments or business segments like sales, marketing and some technology functions.

Any previous layoffs by the company?
Yes. The company had announced layoffs in February as well.

What is the primary reasons for Nokia layoffs?
The job cuts are because of the deteriorating economy, low cost of oil, and natural gases and low demand from customers.

Any other news about Nokia layoffs
As per IndiaTimes, In January, Nokia said that it would slash its dividend for the first time in seven years. The forecast was for a 10 percent reduction in sales.
Let's hope that alternative jobs are available to the affected employees of Nokia Layoffs Job Cut
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