BUSINESS

Nokia to lay off 120 people in Romania, 4,000 globally

Electronics giant Nokia yesterday announced it will lay off 4,000 employees by the end of 2012, HotNews.ro reports. The most significant layoffs will be operated in Denmark, Finland and the United Kingdom. The measure is part of a wider plan meant to curb operational spending by up to EUR 1 bln until 2013. In Romania, the measure will affect the Research and Development Center located within the Olympia Business Center of Cluj. About 120 people are expected to lose their jobs here, according to an announcement made by Nokia Romania. The employees that might be laid off from the Center will stay with the company until the end of 2011.

Nokia plans to enforce the redundancy plan in several phases, by the end of 2012, at global scale, in line with the development of its product and service portfolio.

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