Nokia’s Last Redundancy

Following “American tradition” Finish “Nokia” cuts the jobs because of weak demand.About 5% of Nokia Networks' staff will go in all. This is the largest number of redundancies since July 2001, when it reduced staff by 4,600, but still significantly lower than a number of its rivals. For example Swedish group Ericsson has almost halved its staff from 2001 levels. As the Nokia’s representatives say the redundancy was led by the fact that the network division develops and installs new methods for data delivery such as the high speed 3G and GPRS mobile telecoms systems. Signs that the unit was struggling were clear last month, when Nokia reported a 46% rise in overall profits but a 22% drop in sales of network equipment.

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