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Nokia to Cut 330 R&D Jobs

Nov 20, 2009 - 11:33 AM EST

Nokia (NOK) said today it is cutting 330 jobs in its research and development operations. The cuts will affect 230 employees at its Oulu site in Finland, and 100 employees in Copenhagen. The job reductions at the worlds #1 mobile phone maker amounting to 2 percent of Nokias global R&D team are aimed at aligning its research operations with its focused portfolio of future products, the company said. For MarketNewsVideo.com, I'm Sayoko Murase.

Source: Market News Video (Nov 20, 2009 - 11:33 AM EST)