The global economy recession has now touched the world’s largest mobile phone manufacturer Nokia Corporation. Nokia has planned to cut back on staff. The cell phone giant has announced it plans to shed around1,700 jobs globally because of a cutback in cell phone sales. It employs more than 125,000 workforces worldwide. The sales have been hit hard by the recent global economic downturn.

As it sales are falling so the company is taking several steps to manage their loss. They try to cut cost anyhow. So, as a part of a key cost-cutting drive, the giant announced the redundancies are going to be made across several departments to cut costs by roughly 700 million euros.

Related Tags

, nokia recession , nokia during recession , nokia hit by recession , nokia in recession , impact of recession on nokia , companies hit by recession , global recession nokia , how did the recession impact nokia , how has nokia been affected in the recession , nokia and recession , nokia global recession , nokia recession 2009 , nokia recession 2010 , nokia recessions impact , recession impact on nokia , business hit by recent recession , companies hit recession , global recession on nokia , how does a company deal with global recession

Related posts:

1. Nokia Plans to Set up Dhaka Based Headquarters for Asia Region