The Finnish mobile giant, Nokia has announced 4000 job cuts with 700 alone in the UK.
Nokia, which has been dominating the mobile industry, is facing tough times and is struggling to keep up with its rivals Google and Apple.
The job cuts have also been announced in Finland and Denmark. Accenture, the consulting company, will bag the outsourcing contract from Nokia. Nokia is to outsource around 3000 staff from India, China, Finland, the UK and the US to the consulting company.
Nokia said in a statement, “In addition, Nokia also plans to reduce its global workforce by about 4,000 employees by the end of 2012, with the majority of reductions in Denmark, Finland and the UK". Later a statement was made by the company to include job cuts from the US and India.
Stephen Elop, Chief Executive Nokia, said in a statement, “This is a difficult reality, and we are working closely with our employees and partners to identify long-term re-employment programmes for the talented people of Nokia”.
Tony Burke, Unite assistant general secretary, said in a statement, “This is another dark day for the British economy - and it is not surprising that the company has decided to sneak out this very bad news in the week that the country's attention is focused on Friday's royal wedding”.