{"id":3571,"date":"2011-04-28T12:57:13","date_gmt":"2011-04-28T12:57:13","guid":{"rendered":"http:\/\/beta.sellcell.com\/blog\/?p=924"},"modified":"2019-04-12T11:08:14","modified_gmt":"2019-04-12T11:08:14","slug":"nokia-loses-seven-thousand-employees","status":"publish","type":"post","link":"https:\/\/www.sellcell.com\/blog\/nokia-loses-seven-thousand-employees\/","title":{"rendered":"Nokia Loses Seven Thousand Employees"},"content":{"rendered":"<p><a href=\"https:\/\/www.sellcell.com\/blog\/wp-content\/uploads\/2011\/04\/nokia-logo.gif\"><noscript><img decoding=\"async\" class=\"alignleft size-full wp-image-925\" title=\"nokia-logo\" src=\"https:\/\/www.sellcell.com\/blog\/wp-content\/uploads\/2011\/04\/nokia-logo.gif\" alt width=\"180\" height=\"120\"><\/noscript><img decoding=\"async\" class=\"alignleft size-full wp-image-925 lazyload\" title=\"nokia-logo\" src=\"data:image\/svg+xml,%3Csvg%20xmlns%3D%22http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg%22%20viewBox%3D%220%200%20180%20120%22%3E%3C%2Fsvg%3E\" alt width=\"180\" height=\"120\" data-src=\"https:\/\/www.sellcell.com\/blog\/wp-content\/uploads\/2011\/04\/nokia-logo.gif\"><\/a>Nokia is set to slash 7,000 jobs as part of a massive cost-cutting program.&nbsp; The company, which is the biggest manufacturer of cell phones in the entire world, is set to reduce 12 per cent of its worldwide work force in a bid to cut costs by around 12 billion US dollars by the end of next year.&nbsp; While the cost cutting had been announced previously, most analysts had predicted that between five or six thousand job losses would be the result, with the actual figure being even worse than had been feared.<\/p>\n<p>Stephen Elop, the former executive at Microsoft who took over as the chief executive officer of Nokia in the September of last year, says the cuts are a necessary part of the reorganization of the company in preparation for its adoption of the Microsoft Windows Phone software, which will eventually entirely replace the Symbian operating system previously used in the old cell phones.&nbsp; \u201cWith this new focus, we will face reductions in our work force,\u201d Elop says.&nbsp; \u201cThis is a difficult reality, and we are working closely with our employees and partners to identify long term reemployment programs.\u201d<\/p>\n<p>Around 4,000 of the jobs would be eliminated primarily in the United Kingdom, Denmark, and Finland, while 3,000 employees will be transferred to work for business global technology consultant company Accenture.<\/p>\n<p>\u201cThis move was largely anticipated and follows Nokia\u2019s need to reduce its cost structure,\u201d claims FIM Bank analyst Michael Schroder.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nokia is set to slash 7,000 jobs as part of a massive cost-cutting program.  The company, which is the biggest manufacturer of cell phones in the entire world, is set to reduce 12 per cent of its worldwide work force in a bid to cut costs by around 12 billion US dollars by the end of next year.  <\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1821],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Nokia Loses Seven Thousand Employees<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.sellcell.com\/blog\/nokia-loses-seven-thousand-employees\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nokia Loses Seven Thousand Employees\" \/>\n<meta property=\"og:description\" content=\"Nokia is set to slash 7,000 jobs as part of a massive cost-cutting program. 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