September 18, 2002, 9:22 AM — Nokia Corp. will cut an additional 300 jobs on top of the 900 announced in August, the Espoo, Finland, company announced Tuesday in a statement.
"This is a move that will touch mostly Finland and a professional mobile radio unit in particular," said Lauri Kivinen, a company spokesman. Kivinen declined to comment on whether more job cuts are planned.
Of the 300 jobs, 250 are in Finland, and two-thirds are in the unit that manufacturers PMR (private mobile radio) networks to the TETRA (Terrestrial Trunked Radio) standard. The technology is used by emergency services and police forces, and at least one public network operator serving business users in Europe.
The unit is part of the Nokia Networks division, which employs around 19,000 people worldwide.
Nokia gave no cost-saving estimates but said the job cuts were driven by a weak market for TETRA systems.
The market for TETRA networks has taken off more slowly than anticipated, Nokia said.
The cuts come just one week after Nokia's Chief Financial Officer Olli-Pekka Kallasvuo said in a news conference that he did not expect further restructuring at the company's networks division for now.