Finland’s Nokia Corp, the world’s largest maker of mobile phones, Tuesday said it plans to cut around 170 jobs globally as part of a previously announced program to cut costs and adapt to the market downturn. The planned job cuts affect employees working in logistics, production management and production support. Nokia said it will start consultations with employee representatives where applicable.
In addition, the company announced a voluntary resignation package for 320 employees at its manufacturing facility in Salo, Finland.
“Nokia continues to seek savings in operational expenses, looking at all areas and activities across the company,” the handset maker said. Tuesday’s announcement comes after Nokia in April said it would cut some 450 jobs globally in order to reduce costs and meet falling demand for mobile phones. In January, the company said it wanted to reduce operating expenses by about EUR700 million, or roughly $900 million, this year.
Nokia had around 54,000 employees globally at the end of March.
