Wednesday, April 27, 2011

Nokia to reduce global work force by 7,000

Image representing Nokia as depicted in CrunchBaseImage via CrunchBaseNokia Corp. announced plans Wednesday to reduce its global work force by 7,000, in part by transferring 3,000 employees to global consulting firm Accenture PLC in an effort to save €1 billion ($1.46 billion) in operating costs by 2013.

The announcement comes as Nokia struggles to regain lost ground in the lucrative smartphone business. Rivals Apple Inc. and smartphones that run on Google Inc.'s Android operating system have for years been taking market share from Finland-based Nokia. More...

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