Nokia will cut 220 employees in Japan
Nokia, which is the largest manufacturer of mobile phones in the world will cut 220 people from its Japanese affiliates. The measures are part of a restructuring plan ma company. A week ago the Finnish company has already announced cuts to 330 jobs in Denmark and Finland. Although the Finnish company announced the cuts that will maintain its business in Japan. The company, which recorded a loss in the third quarter for the first time since he became a public company, announced several restructuring plans, including distressed at Nokia Siemens Networks (NSN), which plans to cut up to 6000 jobs. Yesterday it became clear that another major player in the mobile phones continues with cuts, by freeing 450 people in its development center in the U.S. The company made very strong cut of employees because of the financial crisis, which hurt very hard the sector of mobile phones.
The possibler cuts are expected in other companies for mobile phones.