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Nokia to Cut 10,000 Jobs and Close 3 Facilities
Posted: 14-Jun-2012 [Source: New York Times]

[Nokia warns investors "that the negative effects of its transition to a Windows-based smartphone business would continue into the third quarter" as it slashes 19% of its workforce.]

Kevin J. O'brien -- Nokia said Thursday it would slash 10,000 jobs, or 19 percent of its work force, by the end of 2013 as part of an emergency overhaul that includes closing research centers and a factory in Germany, Canada and Finland, and the departures of three senior executives.

The company also warned investors that its loss was likely to be greater in the second quarter, which ends June 30, than it was in the first, and that the negative effects of its transition to a Windows-based smartphone business would continue into the third quarter.

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