1 Min Read
HELSINKI (Reuters) - Finnish mobile phone maker Nokia NOK1V.HE said it would cut over 1,000 information technology jobs as part of its restructuring plan aimed at stanching its cash bleed.
The latest cuts, mostly in Finland, are part of plans announced last June to cut 10,000 jobs gobally. The company has cut around a third of its workforce under Chief Executive Stephen Elop.
Nokia shares were flat, while HCL shares rose 4.8 percent and Tata Consultancy shares rose 1.2 percent in Mumbai.
Reporting by Terhi Kinnunen and Ritsuko Ando; Editing by Hans-Juergen Peters