Nokia will cut its staff by 1,700 as it tries to grapple with falling phone sales, it announced on Tuesday.
The cuts will affect Nokia’s Devices and Markets units as well as its Corporate Development Office and global support functions, according to a statement. The cuts will be made globally.
The largest number of layoffs will be made in Finland, where a maximum of 700 people will be laid off, according to Eija-Riita Huovinen, communications manager at Nokia. The U.S. and U.K. will also see cuts, she said, without going into detail.
Last month, it was reported that the phone maker was asking 1,000 of its workers to voluntarily quit.
Nokia first announced plans to make staff cuts on Jan. 22 when reporting its fourth-quarter results, which showed that sales were down about 19 per cent year on year.
The company sold 113.1 million phones in the quarter, a decline of 15 per cent from a year earlier and also lower than the 117.8 million it sold during the third quarter. Nokia, like other vendors in the sector, aims to lower its costs. The company plans to cut more than
