Nokia Cuts 10 000 Jobs, CEO Escorted Home

HELSINKI, Finland – In a recent press release Nokia confirmed its plans to fire more than 10.000 of its current employees. The factory in Salo, Finland will be shut down and there will remain only an R&D facility.

The R&D facilities that are in Vertu, Ulm, Germany and Burnaby, Canada will be cut down also. The same press release reviews that there will be significant changes in the management of the company with several upper level managers being released and replaced with less known figures. Last, but not least, the press release reveals that Nokia is facing hard times with expected drops of sales more than 3% for the second quarter of 2012, compared with the firs quarter.

In an related story this announcement led Nokia’s CEO Stephen Elop to demand security escort back to his home in Helsinki, as roughly 3 700 of the released employees of Nokia are from Finland – the home country of the Nokia brand.

Nokia, however, is still far from dissolving and remains one of the biggest mobile phone vendors in the world. There are two occasions in 2012 that may save or further damage the company as later, in the end of September, Nokia will be hosting its annual Nokia World event where it’ll likely announce the first Windows Phone 8 devices, possibly with PureView technology.