Mobile phone manufacturer Nokia is to cut 4,000 jobs as part of a plan to refocus its energies on smartphone technology. The company has confirmed that the majority of job losses would be in Finland, Denmark and the UK.
The cuts, which will come into effect next year, are being made to finance Nokia's push towards developing Microsoft Windows-enabled smartphone technology, in response to the threat posed by giants such as Apple.
"With this new focus, we also will face reductions in our workforce," Stephen Elop, Nokia president, told the BBC. "This is a difficult reality, and we are working closely with our employees and partners to identify long-term re-employment programs for the talented people of Nokia."