Painful transitions at Nokia
A reduction in research and development activities is set to be announced by the end of the month, with as many as 6,000 jobs under threat, said Antti Rinne of Pro, Finland’s biggest private-sector office-worker union. That would be equivalent to 38 percent of the Finnish company’s global devices R&D workforce. Nokia declined to comment on the numbers.
At $4.3 billion, Nokia’s 2010 research budget for devices, which include products ranging from basic handsets to smartphones that can edit documents and show movies, is more than twice Apple Inc.’s entire $1.78 billion R&D budget.