IN BRIEF (Page 16)
China Daily | Updated: 2009-04-29 07:47
Nokia spending cuts
Nokia Oyj, the world's biggest mobile phone maker, said yesterday it would reduce investment in creating new services, helping it to cut 450 jobs.
Nokia, which made its first ever quarterly pretax loss in January-March, is cutting annual costs at its key handset unit alone by more than 700 million euros to counter plunging demand.
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