Nokia Slashes Network Division
According to Thomas Jonsson, communications director for the Finnish firm's network infrastructure business, the cuts will leave the division with approximately 15,000 employees, down from 17,361 at the end of 2002. The majority of the redundancies will affect Finnish staff, where 1,100 positions will be lost. About 100 jobs will be lost throughout the U.S., while the remaining 600 jobs will go in Western Europe, mostly Germany and Italy.
See the full story on Unstrung, Light Reading's sister site for coverage of the wireless networking economy: More Finns Finished