Nokia to cut 10,000 jobs

Finnish mobile phone manufacturer Nokia announced today that it will cut a further 10,000 jobs, while warning that its second-quarter losses will be worse than expected.

The latest announcement takes the total number of planned jobs cuts at the group to more than 40,000 since Stephen Elop took over as chief executive in September 2010 .

Nokia said it would be hit by additional restructuring charges of around €1bn (£809m) by the end of 2013.

The once-dominant firm failed to become a leading player in the smartphone market, ceding ground to Apple’s iPhone and devices that use Google’s Android software.

Last year it decided to scrap its own Symbian operating system and switch to Microsoft’s new Windows Mobile platform.