Nokia announces reduction of R&D operations in Japan

Posted on: Tue, 24 Nov 2009 06:10:00 EST


Symbols: NOK
Nov 24, 2009 (M2 EQUITYBITES via COMTEX) --
NOK | Quote | Chart | News | PowerRating -- Finnish mobile phone maker Nokia Corp (NYSE:NOK) (OMX Helsinki:NOK1V)
said on Tuesday that it will be reducing its research and development
(R&D) activities in Japan.
A
This is part of Nokia's global efforts to bring its R&D operations in
line with the company's more focused portfolio of future products.

Approximately 220 employees are expected to lose their jobs in Japan,
which represents just over 1% of Nokia's R&D personnel worldwide.
A
The company said that the Japanese operations of Nokia Siemens Networks
and Vertu will not be unaffected by today's announcement.

Last week Nokia announced 330 R&D job losses in Finland and Denmark.

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