Nokia Sells Vertu, Prepares to Lay Off 10,000 Workers

Nokia has announced it will close its factories in Finland, Germany and Canada and lay off up to 10,000 workers before the end of 2013.

In this “sharpening of strategy” Nokia will focus on “products and experiences that make Lumia smartphones stand out and available to more consumers,” invest in location-based services (Nokia Maps) and improve the competitiveness and profitability of its feature phone business.

On the cutting side, besides closing the R&D facilities in Ulm, Germany, Burnaby, Canada and the manufacturing facility in Salo, Finland (the R&D efforts in Salo will continue), Nokia plans to prioritize its key markets, streamline IT, corporate and support functions and reduce…

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via Mashable!

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