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The following article was published in our article directory on October 25, 2010.
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Nokia Announced Lay Off 1,800 Workers Worldwide

Article Category: Business

Author Name: Amanda xzh

Nokia on Thursday announced third-quarter earnings and announced that it would lay off 1,800 people in the world.

Nokia showed a profit, to benefit from global economic recovery and strong low-end market demand for smart phones, Nokia third-quarter earnings per share were 0.14 euros, down from 0.18 euros a year ago, but higher than the 0.08 to 0.12 euros in the market expectations.

Nokia also announced that it will lay off 1,800 people in the world. Nokia's new CEO Stephen Elop Symbian will streamline operations to respond to the increasingly fierce competition in the smart phone market.

Elop said that Nokia "is a serious split in the industry during a recent performance shows that we have on our role, and industry policies to re-evaluate."

Nokia reported a third quarter, Nokia's operating profit to 403 million euros, compared to an operating loss last year 426 million euros, with sales of 102 million euros, an increase of 5%. In the third quarter, Nokia sold 110.4 million handsets, an increase of 2%.

Designed to accelerate the transformation efficiency

The following is the Nokia to lay off 1,800 people worldwide release statement:

Nokia has conducted exchanges with employees to inform the company to accelerate restructuring and efficiency plan. These include streamlining departments Nokia Symbian smart phones, Nokia services, and some enterprise features department. These plans will lead to lay off 1,800 people in the world.

In the Symbian smartphones, the Nokia plans to re-planning of product development, improved response to consumer demand, shorten the time required to enter the market. This includes increasing the use of common application development tools to simplify software development, streamlining and integrating business, pay more attention to value-added services to users. These changes are in response to increased competition for application developers to create an attractive and sustainable platform.

Nokia will be the restructuring of the service sector. Services will no longer focus on the end to end services, but focus on providing a comprehensive range of Ovi product experience. In addition to simplifying the workflow, the service sector restructuring but also to provide users with a more charismatic Ovi services.

In order to adapt to these changes, Nokia will have some business functions and streamline R & D activities.

Nokia's vice president of human resources Juha Akra said: "The personnel changes are always difficult. We are committed to achieve through the reform of the value of Nokia, will provide the affected staff to alternative solutions, such as helping them find a new in-house jobs. Today's announcement is the result of careful assessment and plan to make, these plans have been the company's new management review and approval, the goal is to accelerate the company's mobile solutions to leading provider of transformation. In order to achieve this goal, we will function in the product and corporate simplification and integration. "

Together, these personnel changes to be made will lead to lay off 1,800 people worldwide, some of the projects will be stopped or integration. Nokia will these plans in consultation with staff representatives.

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