Nokia's original forecast of cutting 800 jobs is now down to only 500

Previously back in December, Nokia was planning on cutting 800 workers from its labor force in fulfillment of an agreement with unions for its global struggles in keeping profits up. However, it appears as though that the number has now dwindled to approximately 500 jobs as opposed to the original 800.

Breaking down actual numbers, we find that 120 employees will be laid off from Nokia's operations in Espoo and Helsinki area, 198 in Tampere, 103 in Oulu, and 82 in Salo. Granted that it's an unfortunate occurrence, especially for those who are directly affected, Nokia has offered buyouts in exchange for 5 to 15 months of salary. In doing so, the company will have to deal with less involuntary job cuts in the long run.

Spokeswoman Paeivyt Tallqvist said, “Everyone in Symbian has been a priority candidate for positions in other teams. We expect a large number of people will go for the package, so then actual reductions will be considerably smaller.”

source: Bloomberg Businessweek