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News: NAVTEQ To Lose 1,300 Jobs As Nokia Downsizes
With Nokia downsizing in an effort to turnaround the ailing business , news that it plans to cut 3,500 jobs in it's commerce, manufacturing and mapping divisions will not be welcomed bu NAVTEQ employees. This announcement comes on the heels of the loss of 4,000 jobs in Nokia's Symbian and R&D divisions recently.
Nokia will be closing down it's NAVTEQ mapping and location based services (LBS) operations in Bonn, Germany and Malvern, USA with an expected loss of 1,300 jobs in those divisions. Business operations will consolidate in the Berlin, Boston and Chicago offices.
Nokia, once a business that enjoyed huge and long term success has seen its business decimated with the rise of Android and iOS smartphones. Its decision to concentrate on Symbian and Maemo saw it fall from favour and the partnership with Microsoft, where it will use the Windows phone operating system in future models has been viewed as the final nail in its coffin.
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Posted on Friday, September 30 @ 09:06:40 UTC by Darren Griffin |
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