Nokia to fire 1,700 staff
UK offices hit hard
Nokia's UK offices will be among the hardest hit in a global round of 1,700 redundancies, announced today.
The Finnish mobile phone giant's home operations will see the deepest cuts, with 700 staff targeted.
UK operations will be next in line, but a spokeswoman couldn't immediately say how many staff at offices in Bristol, Farnborough and London will be affected. "How it impacts local teams is what we're in the process of working out," she said.
The latest stage of Nokia's global cost-cutting programme, launched in January, will target sales, marketing and technology divisions "to match the pruned portfolio and global consumer demand". Device research and development, and the marketing department of OS maker Symbian, which Nokia bought last year, will also be cut.
The compulsory redundancies join an ongoing round of 1,000 voluntary resignations as Nokia attempts to trim costs in response to the recession and falling sales. The firm has about 125,000 staff worldwide. ®
Duty of care, my ar$e!
Nokia is a corporation, employees are assets and are exploited as assets. Probably not even their best asset, all the best 'assets' saw the writing on the wall and left years ago.
first to go
I hope the 'designer' of the 6500c charger circuit is the first to go. It's a pile of stinking dingo's kidneys, lots of user complaints and no acknowlegement from Nokia.
UK not business friendly
It's not in the Euro zone, so prices fluctuate with respect to the main market, Europe.
It's doing quantitative easing, which means a) money you earn will be worth less when you come to repatriate your profits, b) Nobody will want to buy your bonds quoted in sterling because they'll be paid back in diluted sterling. i.e. leadership has fiscal diarrhoea.
It's not part of Schengen zone, and does not respect free movement within the EU. It has even refused entry to a Dutch MP. Your staff may not be able to get into the country.
It fingerprints 6 year olds, and locks up people for looking at manhole covers, or shouting 'rubbish' at Labour meetings.
You cannot protect your UK staff from arbitrary sanction, MPs offices are raided for releasing documents of public interest. Photographing street now punishable.
Until they can vote these idiots out and this situation can be turned around, Nokia are right to leave the UK.