Nokia to Cut More Jobs Worldwide

Nokia said Tuesday it will lay off 170 workers worldwide to further cut costs as the global downturn continues...

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Nokia, the world's leading mobile phone maker, said on Tuesday 170 more jobs would be cut globally as it reorganises its logistics, production management and production support units.
At most, 100 of the 170 job reductions would take place in its native Finland, the company said in a statement.
Nokia also said in a separate announcement it would offer a voluntary redundancy package to 320 people working at its factory in Salo, southwestern Finland. Those wanting to take the opportunity can apply in June.
"The earlier voluntary resignation package we offered to 1,000 Nokia employees in February raised a lot of interest among production employees, who were excluded from this particular global program," said Ville Valtonen, head of Human Resources of Nokia in Finland.
Prior to Tuesday, Nokia had already announced around 3,500 job reductions since January, including 1,000 voluntary redundancy packages.
The mobile phone giant has seen its earnings slide as consumers cut back on buying handsets amid the global financial crisis.
Nokia has tackled the issue with a cost-cutting program, which aims to create more than 700 million euros ($A1.24 billion) in annual savings.
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