Thu, 14 Jun 2012 12:04:44 GMT
Nokia reduced 10,000 jobs as losses grow
Nokia cut 10,000 jobs as losses in Q2 from its mobile operations are likely to be larger than initially estimated. The company also will implement structural changes worth about 1 billion Euros. The decision was difficult but it is the only way to ensure competitiveness in long-run, said Stephen Elop, the CEO of the company. Meanwhile, Nokia shares lost about