Nokia fires 550 employees of its R&D division

Nokia fires 550 employees of its R&D division
Nokia has officially announced they are to lay off 3% of all people working in the R&D department of the company worldwide, which means 550 employees are to be showed the exit door - 230 of them of the Finnish headquarters, 100 of the Dutch branch and 220 of the Japanese respectively. The manufacturer, however, plans to provide retraining and relocate as many people within the company as possible. The company hasnĀ“t embarked on the negotiations with local labor unions yet and most probably the severance deal will include monetary compensation.

source: Nokia, more

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2 Comments

1. Illyich

Posts: 167; Member since: Oct 13, 2009

:(

2. Gsmalltheway

Posts: 272; Member since: Aug 15, 2009

dumb dumb dumb dumb......They need to hire people and not fire. Honestly they have not come out with anything other then the n900 thats worth a second look

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