06:05 ET<\/span><\/span><\/p>\nMobile phone manufacturer Nokia has announced it will shed 7,000 jobs as part of a plan to refocus the company on smartphones.<\/p>\n
The firm said 4,000 jobs worldwide would be cut – including a total of 700 jobs from Nokia’s UK sites.<\/p>\n
Nokia will also transfer a further 3,000 employees to outsourcing and consultancy group Accenture, which will take over Nokia’s Symbian software product.<\/p>\n
The plan will take effect from 2012.<\/p>\n
Nokia is hoping to increase its capacity for smartphone development.<\/p>\n
The firm recently confirmed a deal with Microsoft to jointly develop smartphone technology.<\/p>\n
Under the terms of that deal, Nokia agreed to start using the Microsoft’s operating system on its smartphones instead of its own Symbian platform.<\/p>\n
“With this new focus, we also will face reductions in our workforce,” said Stephen Elop, Nokia president.<\/p>\n
“This is a difficult reality, and we are working closely with our employees and partners to identify long-term re-employment programmes for the talented people of Nokia.”<\/p>\n
Nokia’s response to the smartphone threat from competitors such as Apple’s iPhone and phones using Google’s Android system has been long been a key investor concern.<\/p>\n<\/div>\n<\/p>\n
Link:
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