InfoAnda - Nokia to cut 1,700 jobs in sinking phone market

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Booze enters Turkey's political battlefield | 2 February 2011
Exclusive: Facebook seeks exec to build Hollywood, media ties | | 21 September 2011
Spanish court jails Basque leader for 'glorifying terrorism' | 3 March 2010

Ungaro hires Lindsay Lohan for fashion "electro-shock | 10 September 2009

Forum Views () Forum Replies ()

Read more with google mobile : Nokia to cut 1,700 jobs in sinking phone market | Technology |

My Profile Top News Reuters top ten news stories delivered to your inbox each day. Subscribe You are here: Home > News > Technology > Article Home Business & Finance News U.S. Politics International Technology Internet Entertainment Sports Lifestyle Oddly Enough Environment Health Science Special Coverage Video Pictures Your View The Great Debate Blogs Weather Reader Feedback Do More With Reuters RSS Widgets Mobile Podcasts Newsletters Your View Make Reuters My Homepage Partner Services CareerBuilder Affiliate Network Professional Products Support (Customer Zone) Reuters Media Financial Products About Thomson Reuters Nokia to cut 1,700 jobs in sinking phone market Tue Mar 17, 2009 10:53am EDT Email | Print | Share | Reprints | Single Page [-] Text [+] By Tarmo Virki, European technology correspondent HELSINKI (Reuters) - Nokia Oyj will slash 1,700 jobs globally over the coming few months because of falling demand, the world's top cellphone maker said on Tuesday. Nokia said in January it aimed to cut annual costs at its key handset unit alone by more than 700 million euros ($909.3 million) to counter the plunging demand. Nokia said on Tuesday that, in addition to its handset unit, it would also cut jobs in its marketing unit, corporate development office and global support functions. Up to 700 jobs would be cut in Finland. The overall cellphone market is expected to contract by about 10 percent this year, hurt as consumers rein in spending and handset sellers try to clear out unsold phones. "The first quarter will be weak, then it will improve a little," said Nordea analyst Martti Larjo. "Some component suppliers have signaled slight improvement." Nokia is expected to report January-March earnings per share (EPS) falling to 0.08 euros, the weakest level since the third quarter of 2001, when all vendors in total sold just 94 million phones -- less than Nokia alone is seen selling this quarter. Nokia said it was continuing to seek savings in operational expenses, looking at all areas and activities. Last month Nokia said it was offering severance packages to the first 1,000 employees who volunteered to leave, and cut production at its key Salo plant in Finland. By 0947 GMT, shares in Nokia were 3.5 percent lower at 8.68 euros, underperforming a 2 percent fall on the DJ Stoxx European Technology Index. Earlier on Tuesday, Goldman Sachs cut Nokia EPS forecasts for 2009 and 2010 due to weaker demand, a lower smartphone market share and greater margin impact from a strong yen. Goldman said it now expects market volumes to shrink 14 percent this year and increase only 5 percent next year. It had earlier forecast a 10 percent fall for 2009 and 10 percent growth next year. (Additional reporting by Brett Young; Editing by Andrew Macdonald) ($1=.7698 Euro) © Thomson Reuters 2009 All rights reserved Share: Del.icio.us Digg Mixx Yahoo! Facebook LinkedIn Next Article: India leaders blog, text to plug in to young voters also on reuters Blog: Tired of paying high prices? See your butcher Video Video: Elvis memories for sale target businesses A few states buck stem cell trend with bans More Technology News Dell unveils world's thinnest laptop India leaders blog, text to plug in to young voters Hearst prints final Seattle PI Elvis memorabilia offered in online auction | Video Japanese fashion robot to hit Tokyo catwalks More Technology News... Video Business update: Asian shares gain Play Video More Video... Related News FACTBOX: Nokia cuts jobs, costs as economy stutters 7:16am EDT Editor's Choice Slideshow A selection of our best photos from the past 24 hours. Slideshow Most Popular on Reuters Articles Video White House ridicules Cheney over criticism of Obama China's last eunuch spills sex secrets "Family Guy" wins court battle over song Fossil sea monster's bite makes T-Rex look feeble China's last eunuch spills sex secrets Citi, Morgan Stanley look to sidestep bonus caps: report | Video Chuck Norris sues, says his tears no cancer cure GM bondholders: Our plan best chance for automaker | Video A few U.S. states buck stem cell trend with bans | Video U.S. housing starts rebound Most Popular Articles RSS Feed Video Madagascar army seizes presidency A "Reset" - or new Cold War? Madagascar coup claim countered Boss that robot around Tanks take Madagascar palace "Nano-vehicles" to target cancer Elvis memories for sale AIG outrgage Shuttle blasts off for space station Sudan to 'expel all aid groups' Most Popular Videos RSS Feed Reuters Deals The global destination for corporate leaders, deal-makers and innovators Knowledge to Act Reuters.com: Help and Contact Us | Advertise With Us | Mobile | Newsletters | RSS | Interactive TV | Labs | Reuters in Second Life | Archive | Site Index | Video Index Thomson Reuters Corporate: Copyright | Disclaimer | Privacy | Professional Products | Professional Products Support | About Thomson Reuters | Careers International Editions: Africa | Arabic | Argentina | Brazil | Canada | China | France | Germany | India | Italy | Japan | Latin America | Mexico | Russia | Spain | United Kingdom | United States Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Tuesday, 17 March 2009
U.S. forces shot down Iranian drone over Iraq | International |
Differences remain in talks over Israeli soldier | International |
Merkel says EU must consolidate before growing | International |
Life in North Korea dire and desperate, U.N. forum told | International |
U.N. aid workers freed after kidnap in Somalia | International |
Kuwait ruler accepts cabinet resignation in new crisis | International |
Hearst prints final Seattle PI as newspapers dwindle | Technology |
E-prescribing to soar with new spending | Technology |
Phone firms seek low bar for broadband grants | Technology |
Cisco to sell servers aimed at data centers | Technology |
Obama to appear on the Tonight Show | Entertainment |
Elvis memorabilia offered in online auction | Entertainment |
Bands often scalp tickets: Nine Inch Nails' Reznor | Entertainment |
Egypt author wins Arab fiction prize for Beelzebub | Entertainment |
Madagascar's president isolated but defiant | International |
US military shoots down Iranian drone
No deal reached in Israel-Hamas prisoner talks
Reformist Khatami quits Iran presidential race
Britain's Brown says should have curbed markets
Israel says Hamas hardens stance in soldier release talks
Chrysler insists it will avoid bankruptcy
Khatami pulls out of Iran's presidential race
OPEC chief demands rich nations act on crisis
US military says Iraqi girl killed in US shooting
In power, El Salvador ex-rebels seek U.S. ties | International |
US intervenes to boost small business loans
Sudan wants foreign groups to stop distributing aid
Iran's Khatami says out of presidential race | International |
Turkey disregards minority rights in schools
Shooting inside Madagascar presidency: AFP
North Korean premier lauds China as regional anchor | International |
Iraqis most upbeat since 2003: poll
US industrial output falls to 2002 low
Best view in Rio? Pushing limits of slum tourism | International |
Iraqi fan kills soccer player in close game
Riot police quell protest as water forum opens
Modernization poses new challenges for Tibetans | International |
More flee as Sri Lanka rebels mount suicide attack | International |
INSIDE WASHINGTON: Rivalry stymies wind-power goal
8 Dems oppose quick debate on global warming bill
EU 'fact-finding' mission on Guantanamo inmates
U.S. raises new anti-terrorism approach with EU
Red Cross report renews call for probe of Bush era
Intel says AMD breached patent licensing pact
US military deaths in Iraq war at 4,259
www@20: How the techies tamed the cyber zoo
Mexico retaliates with tariffs on 90 US products
Apple Mac U.S. units down 16 pct in February: NPD
Cisco to go head-to-head with HP, IBM
Peace Corps pulls out of Madagascar due to unrest
US says it shot down Iran drone north of Baghdad
Hearst prints final Seattle PI as newspapers dwindle
Thousands of Tamils decry Sri Lankan 'genocide'
Cisco to sell servers aimed at data centers
Baptized by Fire: Men of Killer Blue face future
Russian woman held for eating friend: report
Potty-mouthed video game grabs profanity record
Vatican website to be available in Chinese
Zombies, stories and wordplay win SXSW Web awards
Phone firms seek low bar for broadband grants
NGO expelled from Darfur considered ICC cooperation | International |
Malaysian lawmaker charged with sedition
Obama faces shoot-down dilemma with NKorea launch
NKorea premier visits China amid missile tensions
9th Australian soldier dies in Afghanistan
NATO soldier dies after attack in Afghan south
China labor activist free after 7 years jail
Hearst prints final Seattle PI | Technology |
Philippine unemployment rises: govt
"Traveler's Wife" to embark this summer
Elvis memorabilia offered in online auction | Technology |
Bomb lobbed at police station in China's west
Japanese fashion robot to hit Tokyo catwalks | Technology |
NKorean premier arrives in China amid tensions
Intel says AMD breached patent licensing pact | Technology |
No Japan-China summit this month: officials
Shanghai probes waterlogged beef food scare
Apple Mac U.S. units down 16 pct in February: NPD | Technology |
Disney cuts 30 jobs in HK as park expansion stalls
S.Korea says raised US swap extension during G20
Rudd, Segel bring perfect chemistry to bromance
Taiwan dollar scales 1-week high on econ optimism
White House: Obama to appear on Leno's show
South Korean bonds rise on extra budget plan
Steve-O skips `Dancing' because of back injury
Seoul shares up;stronger won lifts banks, airlines
Tween "Dora" won't be a bad girl, say guardians
S.Korean department stores enjoy brisk sales on won drop
DJ AM seeks $20 million for plane crash damages
Connick set to receive honorary Tulane degree
'Good Negro' examines '60s civil rights movement
"The Greatest" inks distribution deal with Senator
Indonesia wants solution for Myanmar boat people
Review: Rudd, Segel elevate `I Love You, Man'
'Witch Mountain' casts box office spell
Family Guy wins court battle over song | Entertainment |
Tween Dora won't be a bad girl, say guardians | Entertainment |
Heath Ledger's music videos come to light | Entertainment |
Rudd, Segel bring perfect chemistry to bromance | Entertainment |
Andy Samberg to host MTV movie awards | Entertainment |
Sopranos creator Chase reveals Dreams for HBO | Entertainment |
Traveler's Wife to embark this summer | Entertainment |
The Greatest inks distribution deal with Senator | Entertainment |
Pope begins Africa tour | International |
Hamas says hopes Israel will resume talks on soldier
Israel could use ballistic missiles against Iran: report | International |
Iran's Khatami says out of presidential race
American U.N. official kidnapped in Pakistan said sick | International |
Iraq urges execution of Saddam-era officials | International |
EU faces protests despite recovery signs
Hamas says hopes Israel will resume talks on soldier | International |
Curb climate change to save polar bear: Norway
Darfur peacekeeper killed in ambush: force spokesman | International |
Pope takes off on first trip to Africa
North Korea slows disablement pace further: report | International |
Isolated Madagascar president faces end of reign
More flee as Sri Lanka rebels mount suicide attack | International |
Miniature carnivore dinosaurs roamed North America
Pakistan to restore democracy in key province: PM | International |
UV light can zap TB in hospitals: study
Curb climate change to save polar bear: Norway
Dell unveils world's thinnest laptop | Technology |
Nokia to cut 1,700 jobs in sinking phone market | Technology |
India leaders blog, text to plug in to young voters | Technology |
US-TECH Summary
Cybersquatting cases hit record in 2008
Cybersquatting cases hit record in 2008 | Technology |
Dell unveils world's thinnest laptop
India leaders blog, text to plug in to young voters
Money management sites promise financial salvation
Japanese fashion robot to hit Tokyo catwalks
US-TECH Summary
Dell unveils world's thinnest laptop
Amy Winehouse denies assault charge | Entertainment |
Natasha Richardson critically injured | Entertainment |
India: Nehru relative to face hate crime charges
China voices concern as tensions flare in Koreas
12 SKoreans who survived Yemem bombing return home
Malaysia's leadership battle hit with corruption probe
China's milk victims complain of intimidation
Pakistan to restore democracy in key province
Bomb blast in Tibetan area: police
China concerned over situation on Korean peninsula
Yemen bomber posed for pics with SKoreans: report
China phone carrier expands data network to Europe
Imus in Mass. a day after his cancer announcement
Bank of Japan announces fresh crisis measures
Amy Winehouse pleads not guilty to assault
South Korea to propose $12 bln stimulus package
Natasha Richardson reportedly critically hurt in accident
Philippine unemployment rises 7.7 percent
Amy Winehouse denies assault charge
Tyra: `Top Model' auditions to resume after melee
Kyrgyz deficit to be covered by Russian aid
Screenwriter Millard Kaufman dies at 92
S.Korea to sell up to 19 trln won bonds for budget
The dark side of Cuban cigars
HK's jobless rate rises to 5 percent, 3-year high
Hong Kong moves to send plastic bags packing
Elbit's Elisra gets $25 mln South Korea contract
NKorea reopens border to SKoreans at showpiece zone
Indonesian plane badly damaged in runway mishap
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01