Nokia is certainly feeling the effects of the economy with less people buying the firms handsets. The company announced recently that it would be cutting back on its R&D activities. This cut back will most likely mean that Nokia will be offering less new handsets than it has in the past as well.
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Nokia is cutting back on R&D in Japan and says that the cutback will affect 220 workers in Japan for a bit over 1% of its global workforce. The cutback won't affect Nokia Siemens networks or the Vertu brand. Nokia also announced cutbacks in Finland and Denmark as well.
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Nokia is cutting back on 230 workers in its Oulu site in Finland and 100 at the companies Copenhagen, Denmark site for a total of about 2% of its global employees. Nokia hopes to find the workers new positions within the company.