Nokia to cut 10,000 jobs by the end of 2013

[truebluefan]

Nokia announced Thursday that it plans to cut 10,000 jobs by the end of 2013 and will shut down facilities in Germany, Finland and Canada.

It’s the latest round of cuts for the Finnish smartphone manufacturer, which announced more than 10,000 layoffs last year, the Associated Press noted. The company has struggled to compete against smartphone makers such as Apple, Samsung and HTC, losing its hold as the world’s top mobile phone producer in April. Nokia was still third — behind Apple and Samsung — in tech analysis firm IDC’s May release. The company still managed to grab 8.2 percent of the global market share, but it was a 50 percent decrease from the same period last year.

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