Mobile phone giant Nokia is axing 330 research jobs in Finland, as it looks to cut costs in the face of the downturn in demand for new handsets.
According to a Nokia spokesperson, the redundancies form part of a new strategy that will see the company reduce the number of mobiles it brings to market in favour of a smaller range of high-end models.
Latterly, Nokia typically releases up to 50 new mobile phones every year, including a substantial number of mid-range and low-end handsets.
More recently, however its promotional focus has discernably shifted towards smartphones, such as the forthcoming Nokia N900 and Xperia X10 models.
The cost-cutting program currently being embarked on is aimed at saving £629 million at its handset division.
Earlier this year, the firm announced a loss of £836 million for the third quarter. This was its first quarterly loss for a decade.
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