Reuters: Technology News: Nokia to cut 10,000 jobs after weak second quarter

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Nokia to cut 10,000 jobs after weak second quarter Jun 14th 2012, 07:20 Tweet Share this Email Print Related News Nokia fights back with cheap touchscreen phones Wed, Jun 6 2012 Worries mount as Nokia burns through cash Fri, May 18 2012 The Nokia Research and Development Centre is seen in Helsinki April 11, 2008. Credit: Reuters/Bob Strong PARIS | Thu Jun 14, 2012 2:54am EDT PARIS (Reuters) - 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. Nokia said it would book additional restructuring charges of around 1 billion euros ($1.3 billion) by the end of 2013. Nokia stock has crashed more than 70 percent 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. (Reporting by Tarmo Virki; Editing by David Holmes) Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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