Nokia Cuts 600 Jobs, Eyes Emerging Markets
Finnish mobile giant Nokia has announced that it is trimming down and cutting over 600 positions, mainly in marketing and sales departments. The Nokia Research Center (NRC) will also focus on fewer research areas in the future. Nokia is also closing an entire site (Turku) by the end of January 2009, but hopes to relocate all of its 220 employees to Nokia's site at Salo or in the capital area in Finland. The changes in the Markets unit, Nokia Research Center and in other Nokia functions will come into effect on January 1, 2009.