NOKIA CUTTING 4,000 JOBS, MOVING 3,000 MORE IN CONTINUED RESTRUCTURING

Finnish handset giant Nokia continues its restructuring in an effort to trim overhead and return to profitability. The BBC is reporting that the company will cut 4,000 jobs worldwide and jettison an additional 3,000 positions to Accenture — the consulting company set to manage the Symbian mobile operating system going forward. ”With this new focus, we also will face reductions in our workforce,” said Nokia’s CEO, Stephen Elop. ”This is a difficult reality, and we are working closely with our employees and partners to identify long-term re-employment programmes for the talented people of Nokia.” The proposed moves are scheduled to take place sometime in 2012.