Monday, January 10, 2005

Nokia Trims R&D in Finland, Germany

Nokia's Multimedia Business Group will streamline its global research and development activities. The downsizing is mainly expected to effect employees in Germany and Finland. The number of personnel reductions will be decided after negotiations with employee representatives are finalized.

Nokia has previously announced its intention to bring overall R&D expenditures down to 9% - 10% of net sales by the end of 2006.


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