Finnish telecoms giant Nokia is to cut 300 to 400 jobs in its broadband Internet division due to shifting market conditions and a need to improve competitiveness.
'The broadband market has lately experienced changes, especially in the US,' a Nokia senior vice president, Olli Oittinen, said in a statement. He referred to new market conditions and increased competition.
The jobs to be eliminated in Nokia's Broadband Systems division would be in non-core functions.
Nokia is the world's biggest manufacturer of mobile telephone handsets and is also seeking to gain market share in other telecom sectors, particularly in advanced mobile operating systems.
