Nokia to cut 3,500 more jobs

Mobile phone maker Nokia is to cut another 3,500 jobs and close its factory in Romania as it grapples with a sharp drop in demand for its products.

Nokia, the world’s biggest seller of mobile phones by volume, said the closure of its Romania plant just four years after it opened would account for 2,200 of the job losses.

Another 1,300 jobs will be lost from its Location & Commerce business unit, which includes Navteq, the world's largest digital mapping business.

Nokia said it was also evaluating the future of its plants in Finland, Mexico and Hungary and this would result in job cuts next year.

The new restructuring plans are Nokia’s second attempt to downsize in six months in an attempt to save more than €1bn (£870m) from its costs. It announced 4,000 redundancies in April.

"We are seeing solid progress against our strategy, and with these planned changes we will emerge as a more dynamic, nimble and efficient challenger," chief executive Stephen Elop said in a statement.