Nokia announced on Thursday that it intends to make reductions in its global workforce over the next few months. According to the company's press release, the reason for the workforce reduction is to "improve the focus and efficiency of some of its R&D and related sales and marketing activities and internal IT operations." Up to 700 employees across the globe will be laid off, and 340 of those getting the axe will be in Finland, Nokia's country of origin.Some of the positions Nokia's thinking about eliminating are 360 employees in Enterprise Solutions, 30 in Customer and Market Operations, 130 in I.T., and 140 within the Technology Platforms unit.
Nokia hopes to offer affected employees other positions within the company, and to introduce voluntary opportunities for reduction (which usually means early retirement, generous severance packages, etc.)Nokia has been dominant in the mobile phone market, but clearly the company is not happy with the status quo. This is a pretty aggressive move for a company that seems to be on top--perhaps, Nokia's execs felt that this is what needs to be done to ensure it remains in that position.
Read more from the Nokia press release.
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