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Nokia cuts 10,000 staff, updates its strategy, changes the leadership team and sells Vertu

Nokia cuts 10,000 staff, updates its strategy, changes the leadership team and sells Vertu

Nokia says it’s making changes aimed at ‘sharpening its strategy’ and returning to profit.

It’ll be investing in location-based services and making this an area in which Nokia products stand out. The company is cutting up to 10,000 staff, reducing the number of factories its runs, acquiring a new business, selling its Vertu luxury brand and changing its leadership team.

Author: The Fonecast
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Last week at The Fonecast: 28th November 2011

Mark Bridge writes:

The really big news last week wasn’t good: 17,000 jobs worldwide are being lost at Nokia Siemens Networks (which, incidentally, is a separate company from both Nokia and Siemens). That’s not far short of a quarter of the total workforce. The company is going to focus on mobile network infrastructure and services, with a particular emphasis on mobile broadband, and is likely to sell off other parts of the business.

Author: The Fonecast
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Vertu launches its first touchscreen smartphone

Luxury mobile phone brand Vertu has launched its first touchscreen handset.

It’s called the Vertu Constellation - a product name that was originally used five years ago - and is a Symbian-based smartphone with a 3.5-inch display. On the back is an 8 megapixel camera.

Author: The Fonecast
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