Nokia to axe 700 UK jobs
MOBILE phone giant Nokia is axing around 700 UK jobs as part of plans to reduce its global workforce by 4,000 within two years.
The group said the jobs would go by the end of 2012 as it looks to slash costs by one billion euro (£886 million).
A further 3,000 jobs will be affected worldwide by a move to outsource its Symbian software operations to Accenture, although the group said it was too early to give details of how many UK jobs will be involved.