Nokia Completes Job Cut Talks In Some Finnish Units

Date : 06/22/2011 @ 4:03AM
Source : Dow Jones News
Stock : Accenture Plc Class A Ordinary Shares (Ireland) (ACN)
Quote : 121.95  -0.2 (-0.16%) @ 3:59PM

Nokia Completes Job Cut Talks In Some Finnish Units

Nokia (NYSE:NOK)
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Finnish handset maker Nokia Corp. (NOK) Wednesday said it has completed job cut negotiations at some of its divisions in Finland.

Nokia said the talks to cut jobs have been completed in its Symbian and MeeGo software development units and its mobile devices unit, while talks were still ongoing in other business areas.

Nokia said the staff reductions will happen in phases until the end of 2012 and all the employees concerned can remain with the company until the end of 2011. Nokia previously said it plans to reduce its Finnish workforce by 1,400 people.

Earlier Wednesday, Nokia said it has finalized its agreement for management consultancy firm Accenture PLC (ACN) to take control for the development and support of Nokia's Symbian software.

Accenture will take responsibility for Symbian until 2016 and some 2,800 Nokia employees in China, Finland, India, the U.K. and the U.S. will be transferred to Accenture.

At 0723 GMT Nokia shares were trading 0.3% lower at EUR4.19.

-By Sven Grundberg, Dow Jones Newswires; +46-8-5451-3098; sven.grundberg@dowjones.com

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