Nokia Hands Pink Slips to 490 More Workers

Nokia Corp. (NOK) will cut another 490 jobs as it seeks to curb expenses.

The Finland-based cell phone maker – which just reported its first-ever quarterly pretax loss – will approach the layoffs in two different ways. First, it will axe 170 positions worldwide in logistics and production management and support; then it will offer voluntary severance packages to up to 320 workers at the Salo, Finland, plant.

Tuesday’s announcement brings to about 4,000 the number of jobs Nokia has slashed this year.

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