Espoo, Finland – Nokia (NYSE: NOK) on Tuesday said it will lay off 800
employees in its home country of Finland, and also delay the release of its E7
smartphone.
Nokia will put the layoffs into effect in January, and provide
severance worth 5-15 months of salary.
The company previously announced a round
of 1,800 layoffs worldwide in October.
Nokia also said on Tuesday that it will
miss the planned launch of its E7 smartphone this year, pushing the release to early 2011.
The device will run the
next iteration of Nokia’s Symbian operating system, the release of which was
also delayed by Nokia.
"We just wanted to make sure it’s the best product
possible in both hardware and software," Nokia spokeswoman Carol Soriano
told Bloomberg.
Related Links:
http://www.reuters.com/article/idUSLDE6BD1V220101214
http://tinyurl.com/2ecznmx
(Bloomberg)
