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Jun 14, 2012 at 12:41pm IST

Nokia to cut 10,000 jobs globally after weaker second quarter

Paris: Loss-making Finnish cellphone maker Nokia plans to cut another 10,000 jobs globally and warned the second-quarter loss from its cellphone business would be larger than expected.

The cuts bring total planned job cuts at the group since Stephen Elop took over as chief executive in September 2010 to more than 40,000.

ALSO SEE Nokia to axe 4,000 jobs, move assembly to Asia

Nokia said it would book additional restructuring charges of around 1 billion euros ($1.3 billion) by the end of 2013.

Nokia to cut 10,000 jobs globally

Loss-making Finnish cellphone maker Nokia plans to cut another 10,000 jobs globally.

Nokia stock has crashed more than 70 per cent since it announced in February 2011 it was dropping its own Symbian smartphone operating software and switching to Microsoft's largely untried Windows Phone system.

ALSO SEE Nokia Siemens Networks to cut 2,900 jobs in Germany

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