Nokia to axe 330 jobs in Finland, Denmark | business | Hindustan Times
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Nokia to axe 330 jobs in Finland, Denmark

business Updated: Nov 20, 2009 21:23 IST

Handset giant Nokia on Saturday said it will cut around 330 jobs in Finland and Denmark, as part of streamlining research and development operations.

The company plans to streamline research and development (R&D) operations in Finland and Denmark, which is expected to affect up to 230 employees at the Oulu site (Finland) and about 100 employees at the Copenhagen site, Nokia said in a statement.

The company has around 17,000 employees in the research and development division, of which more than 2,000 are in Oulu and over 1,000 are based in Copenhagen.

The company said it aims to support the employees with alternative solutions, such as finding new positions within the company for as many employees as possible.

Nokia, in the third quarter of 2009, reported an operating loss of 426 million euros. It had posted an operating profit of 1.5 billion euros in the year-ago period.