Nokia Cuts Another 490 Jobs

Nokia (NYSE: NOK) is planning to cull a further 490 jobs as part of its previously announced global cost cutting measures. The Finnish cellphone giant, which saw handset sales fall 19 percent in the first quarter, said it will lay off 170 employees working in logistics, production management and production support, and will offer voluntary resignation for up to 320 of its production employees at its Salo manufacturing plant. Since job cuts began earlier this year, Nokia has laid off over 4,000 of its workers. (Release.)