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[March 17, 2009]
Finnish Nokia to implement cost cutting affecting 1,700 jobs
(Nordic Business Report Via Acquire Media NewsEdge) Finnish mobile phone maker Nokia Corp. (Helsinki: NOK1V) is planning to implement cost cutting measures that will affect 1,700 jobs, the company announced on Tuesday (17 March).
The measures will affect Nokia's Device and Media units and its Corporate Development Office, as well as global support functions, it added.
Nokia said it has commenced negotiations with employee representatives about the cost cutting moves, announced earlier this year in response to slower demand.
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