Finland -Nokia comes up with new lay-offs -June 14, 2012

Nokia has announced to slash 10,000 jobs, or 19 per cent of its workforce by the end of 2013 in what is called an emergency overhaul. The restructuring includes closing research centres and a factory in Germany, Canada and Finland, and the departures of three senior executives. 3,700 of the planned 10,000 jobs to be cut will take place in Finland. The handset factory in Salo to be closed is Nokia’s largest in the country, and about 850 employees will be affected there by the reductions.

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