Quick view: Nokia to cut 3,500 more jobs, closes factory

Written by fe Bureau | Updated: Sep 30 2011, 08:33am hrs
Nokia, the worlds biggest maker of mobile phones by volume, said it will cut 3,500 jobs as it closes a factory in Romania and reorganises its maps business. The company is also reviewing plants in Finland, Hungary and Mexico and expects more job eliminations next year, it said in a statement on Thursday. The reductions come on top of 4,000 job cuts announced in April. CEO Stephen Elop is slimming the Espoo, Finland-based company to catch up with faster-moving competitors. Hes also shifted 3,000 employees to Accenture along with the Symbian operating software to make way for the adoption of Microsofts Windows Phone 7 and other platforms.

Ford to add 7,000 US jobs in next two years

Ford Motor chief executive officer Alan Mulally said the automaker plans to add 7,000 jobs over the next two years in the US as it expects the worlds largest economy to avoid another recession. Ford is discussing adding as many as 10,000 jobs in the US in negotiations with the United Auto Workers union on a new four-year contract, according to three people familiar with the talks. Mulally, who was in Thailand on Thursday, declined to comment on the progress of discussions with the UAW. The second-largest US automakers plan to recruit more workers comes as President Barack Obama seeks to rally support for his $447 billion proposal to boost hiring. Jobs will be a central issue as Obama campaigns for re-election in 2012.