Nokia ‘sharpens strategy’ by dropping three executives, laying off 10,000 and dumping Vertu

Posted by max  at June 14th, 2012

Nokia is still in turnaround mode, and has made some tough decisions about how to move forward, today announcing it will reduce staff by up to 10,000 people before the end of 2013. Also on the outs are three executives, and it has sold the luxury brand Vertu to private equity group EQT VI.

Developing…

Nokia ‘sharpens strategy’ by dropping three executives, laying off 10,000 and dumping Vertu originally appeared on Engadget on Thu, 14 Jun 2012 02:57:00 EDT. Please see our terms for use of feeds.

Permalink   |   | Email this | Comments