Nokia plans job cuts at Finnish phone Plant

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Nokia plans job cuts at Finnish phone Plant
Helsinki, Dec 14: Nokia plans to cut jobs at its Finnish plant, even though the company expects the handset market to rebound in 2010, a company spokesman said.

The spokesman said cuts lasting up to 90 days would affect 20 per cent of 2,000 staff at any one time.

"In this market situation, taking into account usual seasonality, at this point we see no need for full capacity," the spokesman said.

The world's biggest handset maker has suffered sharply in the economic downturn and has lost ground in the battle for cool smartphone customers to Apple and RIM, prompting it to cut costs.

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