Unhappy Holidays, Nokia to Axe up to 800 Jobs

Yahoo isn't the only one handing out pink slips in place of holiday bonus checks. According to a Bloomberg report, Nokia plans to cut as many as 800 jobs in Finland after completing talks with unions.

Those getting axed will have the option of voluntarily resigning in exchange for a severance package equivalent to 5 to 15 months worth of salary, depending on long they've been with the company. They'll also be allowed to apply for other positions in the company.

"In past years we've been successful in redeploying people so we believe the actual number will be considerably smaller in this case as well," said Paeivyt Tallqvist, a spokeswoman for Nokia. "The final number will only be known after the process is over so this goes way into next spring."

More than half -- about 560 -- will affect the company's Symbian smartphone division as Nokia tries to streamline development of the still popular OS.

Via:  Bloomberg
Comments
3vi1 4 years ago

Ouch... feel sorry for those guys. Particularly at this time of year.

Hopefully their union can help them get their foot in the door elsewhere (and no - for once I'm not being sarcastic).

Symbian has certainly enjoyed a long ride at the top. Perhaps Nokia should repurpose more people towards Meego and Android if they want to keep their marketshare.

dodgers2213 4 years ago

I hope some of those employees were already looking into other job openings considering Nokia has been losing strength since getting left behind in the smartphone wars

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