Apple takes bite out of Nokia jobs
Mobile phone giant Nokia is axing around 700 UK jobs as part of plans to reduce its global workforce by 4,000 within two years.
The group said the jobs would go by the end of 2012 as it looks to slash costs by €1bn (£886 million).
Nokia's jobs blow comes just a week after the firm revealed its market share slipped below 30% for the first time in a decade as it lost out to the likes of the iPhone from Californian company Apple
A further 3,000 jobs will be affected worldwide by a move to outsource its Symbian software operations to Accenture, although the group said it was too early to give details of how many UK jobs will be involved.
Nokia - the world's biggest mobile phone maker - employs around 2,400 staff in the UK, with main sites in London and Farnborough, Hampshire.
Nokia said the jobs would largely go across research and development (R-amp;D) and in software roles.
It is also consolidating its R-amp;D sites and confirmed its Southwood office in Farnborough would close by the end of next year.
The Finnish group plans to shut its office in Southwark, London, when the lease expires, with staff at this site expected to transfer to technology-consulting company Accenture under the Symbian outsourcing deal.
Nokia will retain offices in Bristol, Church Crookham in Hampshire, Soho in London, and Cambridge.
The group said the UK was among the worst affected by the global job cuts, alongside Denmark and Finland.