Nokia Singapore Fears Lay Offs

Nokia plans to cut 1,700 jobs in sales, marketing and technology units due to falling consumer demand according to todayonline. It is not known how Nokia’s operations in Singapore will be affected by the move.
Its regional headquarters at Alexandra Technopark houses almost 700 staff that provide product support to over 20 markets across the Asia-Pacific region. Nokia will start consultations with unions about the cutbacks, which are part of its previously announced plans to adjust to a shrinking market, the company said in a statement.

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