Nokia to cut 1,000 jobs

Finnish telecoms giant Nokia is planning to cut up to 1,000
jobs in its network business.

The move, which could involve some of the division’s 1,200
employees in the UK, comes after the company issued a profit warning two weeks
ago.

Nokia networks, which has sites at Camberley, Peterborough
and Huntingdon – employs around 23,000 staff worldwide and accounted for a
quarter of the group turnover last year.

The company refused to confirm where the jobs would go but
said it would look at the operations on a country-to-country basis to see if
there was any need for redundancies.

www.nokia.com

Karen Higginbottom

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