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Thursday, 29 September 2011 - Nokia to cut 3,500 jobs, close Romania plant |
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The future of journalism in the UK Related Topics Technology » A corporate logo is displayed at the Nokia flagship store in Helsinki in this picture taken September 29, 2010. Credit: Reuters/Bob Strong HELSINKI | Thu Sep 29, 2011 3:18am EDT HELSINKI (Reuters) - Nokia, the world's largest cellphone vendor by volume, said on Thursday it would close its plant in Cluj, Romania and cut 1,300 jobs in its location and commerce business unit whose products include maps for mobile phones. "The planned closure of the Cluj factory combined with adjustments to supply chain operations is estimated to impact approximately 2,200 employees," Nokia said. Nokia has struggled this year with falling sales and profits after the firm in February said it would switch to use Microsoft's software for its smartphones, but the first of these will reach the market only later this year. Nokia's share price has halved since February, when it unveiled the shift to Microsoft, on worries the company will lose so much market share before the new phones come out that it might never make up lost ground. In April Nokia unveiled a 1 billion euro cost cut plan, which included laying off 4,000 staff. Separately on Thursday, Nokia supplier Digia said it had agreed to cut 170 jobs in its Finnish operations, and could cut up to 80 more as it revamped its business. Most of the job cuts would come from its mobile business unit, Digia said. (Reporting By Tarmo Virki; Editing by Helen Massy-Beresford) Technology Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Social Stream (What's this?)   Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Contact Us Advertise With Us Connect with Reuters Twitter   Facebook   LinkedIn   RSS   Podcast   Newsletters   Mobile About Privacy Policy Terms of Use Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us   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. 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