Published in News

Nokia slashes 800 jobs

by on15 December 2010

Still in troubled waters
Phone maker Nokia has announced plans to slash about 800 jobs in Finland.

The troubled company has seen its market share dip in face of strong competition from Android smartphones and Apple's iPhones, hence the move comes as no surprise. The company has already announced 1,800 job cuts worldwide earlier this year.

According to Nokia representatives, the affected employees will receive generous severance packages, ranging from 5 to 15 months worth of salaries. Sadly, Nokia is still struggling to compete in the smartphone market and it still stubbornly sticking to Symbian.

Rate this item
(1 Vote)

Read more about: