Friday, February 16, 2007

Nokia Drops Pink Slips on 700 Employees

By Matti Huuhtanen

Nokia on Thursday announced another round of layoffs aimed at increasing the firm's efficiency and improving competitiveness. Up to 700 people worldwide -- including 340 workers in Finland -- will be redeployed within the firm or let go. The cuts will affect research and development, related sales and marketing, and internal IT operations.

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