World Economy

Nokia to Cut 1,000 Jobs

Nokia to Cut 1,000 JobsNokia to Cut 1,000 Jobs

Mobile phone giant Nokia is to cut more than 1,000 jobs in Finland, the company announced, as part of cost-cutting measures following its merger with Alcatel-Lucent, AFP reported. Once the world’s top mobile phone maker, Finland’s Nokia has been crushed by Samsung and Apple in the smartphone and tablet market in recent years, but earlier this month said it was returning to the fiercely competitive field. Nokia last month said it expected some 1,300 jobs to go in Finland, but the number announced in a statement on Friday was slightly lower, at 1,032.