Nokia has confirmed it is set to lay off 1700 members of staff globally in a bid to cut costs. The move comes as part of its previously announced plans to increase cost efficiency and adapt to the market downturn, which the company is struggling to work within.
As the recession digs deeper into the mobile sector, Nokia stated it will be trimming down its devices and markets units, plus its corporate development office, global support functions, and sales, marketing and technology management to reflect lower demand for its products.
The company said it will additionally be addressing marketing and other activities that are no longer be integral to the business following the Symbian acquisition, and will streamline the devices research and development organisation.
Altogether these plans will affect approximately 1700 employees globally. Where applicable, Nokia said it will start consultations with employee representatives about these plans.
All of these measures are part of Nokia’s previously announced plans to adjust business operations and cost base in accordance with market demand and safeguard future competitiveness. Nokia continues to seek savings in operational expenses, looking at all areas and activities across the company, it claimed.