Nokia CEO Says 'Substantial' Jobs Cuts to Come

Company is adapting a new strategy involving a partnership with Microsoft

The world's top mobile phone maker Nokia plans to significantly cut jobs as it transitions to a new strategy involving a partnership with software giant Microsoft, its chief executive said on Feb. 11. Nokia said it was adopting Microsoft's mobile phone platform as its primary operating system.

"There will be substantial reductions in employment in various locations around the world and that too will affect Finland," Stephen Elop said in London after the company announced major shake-up in the face of intense competition.

"We don't have any specific comments about who and what level of people will be hit," he added in a webcast.

In October, the company announced 1,800 job cuts.

The Finnish company said it had been in touch with the government, which described Nokia's job cuts as a severe blow to the country's employment prospects and its research and development ventures.

"This is by far the largest structural change ever to affect Finland's new technology sectors," Minister for Foreign Trade and Development Paavo Vaeyrynen and Minister of Labor Anni Sinnemaeki said in a joint statement on Feb. 11.

The ministers said Nokia's re-structuring threatens a large number of jobs in Finland, and added that Nokia had promised to be involved with the government in making the transition as painless as possible.

Copyright Agence France-Presse, 2011

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