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

Nokia Layoffs Job Cut: fires 1700 employees globally

The news is not good for the employees of Nokia, the global giant in the mobile phone and technology business. It was last month in February 2009 when we had reported about a possible Nokia Layoffs Job Cuts. 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 additon to the list of organization which may go for layoffs is the Nokia. It has declared that it will layoff some 1700 workers this year.

How many employees may be fired in the Nokia layoffs?
The news is that around 1700 employees may be fired from their jobs at Nokia.

What is the total no. of employees of Nokia?
Total No. of employees of Nokia is not known as of now.

What will be the cost and savings by Nokia layoffs?
No info about that.

When will the Nokia layoffs happen?
As per the reports, the layoffs will be done in this year itself, i.e. 2009.

Which locations will be affected by the Nokia layoffs ?
The job cuts are expected to be at a global level, but it is learnt that around 700 jobs will be cut in Finland. The job cuts will be in the departments or business segments like sales, marketing and some technology functions.

Any previous layoffs by the company?
Yes. The company had announced layoffs in February as well.

What is the primary reasons for Nokia layoffs?
The job cuts are because of the deteriorating economy, low cost of oil, and natural gases and low demand from customers.

Any other news about Nokia layoffs
As per IndiaTimes, In January, Nokia said that it would slash its dividend for the first time in seven years. The forecast was for a 10 percent reduction in sales.
Let's hope that alternative jobs are available to the affected employees of Nokia Layoffs Job Cut

Nokia Layoffs Job Cut: fires 1000 employees through voluntary departures

The news is not good for the employees of Nokia Corporation, the global leader firm in the business of cell phones or mobile phones and accessories. The recession is taking a toll on all sectors. The latest additon to the list of companies going for layoffs is the Nokia. No one seems to be shielded from the effect of recession. It the Nokia Company, which have decided to go for the layoff. The layoffs are said to be a part of the restructuring exercise at Nokia.

How many employees will be fired in the Nokia layoffs?
There could be around 1000 job cuts by the company. This will be around 16% of the total employee workforce.

What is the total no. of employees of Nokia?
Total No. of employees of Nokia is not known as of now.

How are the Nokia job cuts or layoffs structured?
The layoffs at Nokia are said to be part of the restructuring. These will be a part of the Voluntary Resignation Package.

When will the Nokia layoffs happen?
Since the layoffs will be a part of the Voluntary Resignation Package, the application period will be from March 2009 to until 1000 employees have opted for it and will close on May 31, 2009

Which location will be affected by the layoffs?
No information is available location wise, but it is learnt that this will be done on a global basis.

How much savings can be made by the company from the layoffs?
No information is available about the savings to be made.

What is the primary reasons for Nokia layoffs?
Major reason are the efforts by the company to increase cost-efficiency and adapt to the challenging market environment. Declining demand, no fresight of economic revival is the also a reason quoted by the company for voluntary layoffs.

Any other news about Nokia layoffs
As per "As part of its previously announced plans to increase cost-efficiency and adapt to the challenging market environment, Nokia today announced new voluntary measures aimed at reducing personnel-related costs and lessening the need for involuntary redundancies," the company said in a statement.
Let's hope that alternative jobs are available to the affected employees of Nokia Layoffs Job Cut