Following its cut of 450 jobs last month, mobile network equipment maker Nokia Siemens Networks said Tuesday it will lay off up to 120 workers in Finland.
The Associated Press (News - Alert) reported that, "The joint venture between Finland's Nokia Corp. and Siemens (News - Alert) AG of Germany said the latest layoffs would be mostly at its Espoo headquarters and two locations in western Finland.
The latest layoffs are part of company plans to cut 5,700 jobs globally to annually save $665 million) by 2011 - it employs 64,300 people worldwide, according to the AP.
In related news, TMCnet recently reported that Nokia Corp. said it delayed the release of Symbian (News - Alert) 3, the latest version of its smartphone operating system because it "fell short of internal quality guidelines."
"As the Finnish mobile giant promised the platform would be more intuitive, fun and faster than the existing version and power several products by the end of the year," Market Watch reported.
Nokia now has a 41 percent market share in smartphones, but the majority of the smartphones sold by the company are in the lower price range it doesn't yet have a phone that is competing with the likes of the iPhone or the Google (News - Alert) Nexus One.
Erin Harrison is a senior editor with TMCnet, primarily covering telecom expense management, politics and technology and Web 2.0. She serves as senior editor for TMC's print publications, including "Internet Telephony (News - Alert)", "Customer Interaction Solutions", "Unified Communications" and "NGN" magazines. Erin also oversees production of TMCnet's weekly iPhone e-Newsletter. To read more of Erin's articles, please visit her columnist page.
Edited by Erin Harrison
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