Finnish phone maker Nokia says it’s cutting another 10,000 jobs globally and has hinted that second-quarter losses from its mobile phone businesses would be larger than expected.
Included are the chief marketing officer and two executive vice-presidents.
The cuts bring the Finnish Group’s total planned job cuts to 40,000, since Stephen Elop took over as chief executive in September 2010 to more than 40,000.
Nokia says it will also book additional restructuring charges of about 1 billion Euros (US$1.3 billion).
The cuts come at a time Nokia is making reductions in research and development projects, resulting in the closure of its businesses across the world.
BBC reported Nokia shares had slumped by more than 70 percent since February 2011.
In a statement, Elop said the planned reductions depict a difficult consequence of the intended actions the Finnish group believes must be taken to ensure Nokia’s long-term competitive strength.
Last year, Nokia dropped its own Symbian smartphone operating software and switched to Microsoft’s Windows Phone system.
The cuts come four months after Nokia announced the details of 4,000 job losses plants in Hungary, Mexico and Finland.
The cuts are planned to be complete by the end of next year.
Nokia, initially the world’s largest phone maker, last year announced a merger with Microsoft in the face of fierce competition from a new generation of smartphones: Apple’s iPhone and Samsung’s Galaxy.
At the time, Elop compared Nokia’s situation to standing on a “burning platform.”
