Job security is a tough thing to come by these days at Nokia. As part of yet another major restructuring effort, the world's largest handset maker is handing out pink slips to 3,500 employees and closing one of its shops in Romania. The latest round of job cuts are on top of the 4,000 Nokia announced back in April.
This is a big blow to Romania. Nokia's Cluj factory in Romania, which opened four years ago, is home to 2,200 employees. Reuters says the plant turnover is comparable to 1.3 percent of Romania's GDP from last year.
Nokia's other 1,300 job cuts will affect its Location & Commerce business unit in Malvern, Pennsylvania, but that might not be the end of it. The handset maker is also considering slashing jobs at its plants in Finland, Mexico, and Hungary.
"We are seeing solid progress against our strategy, and with these planned changes will emerge as a more dynamic, nimble, and efficient challenger," said Stephen Elop , Nokia President and CEO. "We must take painful, yet necessary, steps to align our workforce and operations with our path forward."