Nokia cuts a further 1,700 jobs as demand falls

Nokia, the world’s leading cellphone maker, announced Tuesday that it was cutting 1,700 further jobs globally due to falling demand. The Finland-based giant has already announced hundreds of lay-offs in response to the deepening recession. In a statement, the company said the latest cuts were part of its drive to increase “cost-efficiency and adapt to the market situation.” The latest job losses would primarily be from its devices and markets units and in corporate development and global support, Nokia said

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