Reason for Leaving Last Job: Change and Renewal of Some Nokia Activities
by John Paczkowski
Posted on November 4, 2008 at 12:01 PM PT
Nokia (NOK) is continuing its change and renewing of some of its activities, according to a statement from the company this morning–”change” being shorthand for restructuring, “activities” for layoffs.
Maturing wireless markets and a miserable economy have forced the company’s hand, and come Jan. 1, it will cut 450 jobs in production, sales and marketing and sack 130 or so more in R&D. General “workforce adjustments” will see an additional 35 employees released into the wild.
This period of “change” and activity renewal is the second announced by the Finnish company in the past year. The first resulted in some 2,300 job losses in Germany.
[Image credit: Someecards]
