Nokia to Slash 10,000 Jobs, Close Facilities by End of 2013 - East Idaho News
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Nokia to Slash 10,000 Jobs, Close Facilities by End of 2013

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GETTY B 061412 Nokia?  SQUARESPACE CACHEVERSION=1339673403680Henrik Kettunen/Bloomberg via Getty Images(NEW YORK) — Finnish cellphone maker Nokia announced on Thursday it’s cutting up to 10,000 positions worldwide in an effort to reduce its operating expenses and return the company to profitable growth.

The job cuts are expected to be rolled out by the end of 2013.

“These planned reductions are a difficult consequence of the intended actions we believe we must take to ensure Nokia’s long-term competitive strength,” Nokia’s President and CEO Stephen Elop said in a statement.

[CLICK HERE TO READ THE COMPANY’S FULL STATEMENT]

Some of those actions include closing down facilities devoted to research and development projects in Ulm, Germany, and Burnaby, Canada, and a manufacturing facility in Salo, Finland.

The company says these measures will help reduce costs by an additional 1.6 billion euros by the end of 2013.

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