Microsoft confirms Finnish phone site closure and job cuts
Get Alerts MSFT Hot Sheet
Price: $529.76 +0.09%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.7%
Revenue Growth %: +16.6%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.7%
Revenue Growth %: +16.6%
Join SI Premium – FREE
HELSINKI (Reuters) - Microsoft Corp (NASDAQ: MSFT) on Friday confirmed it will close Nokia Oyj's
The cuts, initially announced in July, are part of Microsoft's plan to cut 7,800 jobs globally, most from the phone hardware business that it bought from Nokia last year.
Two Finnish sites, in Espoo and Tampere, will remain open, Microsoft said.
(Reporting by Jussi Rosendahl; Editing by David Holmes)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Microsoft Exec: introduces Surface laptop Ultra - Event
- Active options: GOOGL MSFT SOFI BULL AVGO IREN PLTR MARA NFLX HOOD
- Microsoft introduces AI coding model that can run on indivdual laptops - event
Create E-mail Alert Related Categories
Corporate News, ReutersRelated Entities
LayoffsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!





Tweet
Share