VIDEO: Nokia Plans Up To 440 Job Cuts In Legacy Mobile Division, With Some Recyling Into New Areas

Nokia noted declining revenues and overall unit sales in handsets, but also improving operating profits — cross currents that point to a company still doing quite a lot of cost cutting to right-size itself. And in its earnings statement, Nokia added one more detail indicating that this cutting exercise will continue to be played out in the quarters ahead: up to 440 jobs will be cut in its mobile phones division — that is, the legacy part of its devices business that does not include smartphones.

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