Nokia Staff to Meet Amid Fears of New Job Cuts -TV

Date : 06/14/2012 @ 1:59AM
Source : Dow Jones News
Stock : Nokia Corp. Sponsored American Depositary Shares (NOK)
Quote : 6.2  -0.06 (-0.96%) @ 4:22PM

Nokia Staff to Meet Amid Fears of New Job Cuts -TV

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Finnish employees of beleaguered phonemaker Nokia are due to gather Thursday morning for an all-staff meeting amid fears of another wave off job cuts at plants in Salo and Oulu as the company struggles to stabilize its fortunes, Finnish media reported Thursday.

Government officials and union representatives have been advised of the meeting but there has been no information about its substance, national broadcaster Yle said.

Nokia has implemented several rounds of job cuts as it struggles to regain its competitiveness against rivals Apple Inc. (AAPL) and Samsung Electronics Co. (SSNHY).

The company's first-quarter results remained in the red as its new Windows-based smartphone, launched late last year, failed to gain significant traction.

Newspaper Web site: www.yle.fi

-Write to Denise Wall at denise.wall@dowjones.com

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