Nokia Will Eliminate 7,000 Jobs, Move Symbian to Accenture |
| Bloomberg - Apr 27, 2011 |
Nokia Oyj, which was overtaken by Apple Inc. as the largest maker of mobile phones last quarter, will eliminate 7,000 jobs and transfer its Symbian software development to Accenture Plc in the Finnish company’s biggest reorganization in two decades.
Accenture, the second-largest technology-consulting company, will take on 3,000 Nokia workers in China, Finland, India, the U.K. and the U.S. by the end of this year, the companies said today. Nokia, which is switching to Microsoft Corp.’s Windows Phone 7, will cut an additional 4,000 positions.
Symbian smartphones have struggled to keep up with the iPhone and handsets based on Google Inc.’s Android system. Nokia’s stock has lost about two thirds of its value since Apple introduced the iPhone in 2007, raising consumer expectations for handsets that can surf the Web and show movies to be simple to operate. Chief Executive Officer Stephen Elop said today he’ll keep all Finnish sites open with Nokia’s headquarters to remain in the country.
Read Full Article from Bloomberg
- Posted: 2011-04-27 11:57:09
| More Stock Investor Place Company News |
 |
|
|
|
| Stock Investor Place Company News Archive |
|
|
|
