Nokia Layoffs Job Cut: may fire 490 employees

The news is not good for the employees of the Nokia, which is the world famous mobile phone company . We had reported about Nokia Layoffs Job Cut in February and Nokia Layoffs Job Cut in March. Now the situation is getting worse for the employees as the recession is taking a toll on all sectors and all of the sectors are feeling the heat. The latest on to add to the list is the Nokia Organization, which may be going for layoffs.
How many employees may be fired in the Nokia layoffs?
As per the reports, there can be around 490 layoffs by Nokia.

What is the total no. of employees of Nokia?
The total no. of employees of Nokia is around not known as of now.

What will be the cost and savings by Nokia layoffs?
The company plans to go for cost cutting to the tune of 700 million euros.

When will the Nokia layoffs happen?
No concrete details available about the dates of layoffs.

Which locations and department of employees will be affected by the Nokia layoffs ?
As reported, there will be 170 jobs in logistics, production management and production support. Then, there will be a voluntary resignation package for up to 320 employees working at its Salo plant in Finland.

What is the primary reasons for Nokia layoffs?
The primary reasons for layoffs are global cost cutting.

Any other news about Nokia layoffs
As per indiaTimes, Nokia had its first ever loss in the January March Quarter.
Let's hope that alternative jobs are available to the affected employees of Nokia Layoffs Job Cut