Nokia to cut another 10,000 jobs

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Srilankamirror – Finnish mobile phone giant Nokia is cutting another 10,000 jobs globally.

The cuts bring total planned job cuts at the Finnish group since Stephen Elop took over as chief executive in September 2010 to more than 40,000.

Nokia will also book additional restructuring charges of about 1bn euros (£811m; $1.3bn).

The company has warned that second-quarter losses from its mobile phone business will be larger than expected.

Nokia’s shares have slumped more than 70% since February 2011.