{"id":40393,"date":"2017-10-16T08:18:00","date_gmt":"2017-10-16T12:18:00","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=40393"},"modified":"2017-10-16T05:19:26","modified_gmt":"2017-10-16T09:19:26","slug":"nokia-oyj-adr-nysenok-intends-to-cut-down-310-jobs-from-its-nokia-technologies-unit","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/nokia-oyj-adr-nysenok-intends-to-cut-down-310-jobs-from-its-nokia-technologies-unit-40393","title":{"rendered":"Nokia Oyj (ADR) (NYSE:NOK) Intends To Cut Down 310 Jobs From Its Nokia Technologies Unit"},"content":{"rendered":"<p>The stock of<strong> Nokia Oyj (ADR) (NYSE:NOK) <\/strong>closed at $5.93 gaining 1.63% in yesterday\u2019s trading session. This phone company has expressed its intention of cutting down about 310 jobs from its Nokia Technologies unit. Asides from that, it will also be seeking to put a halt on the development of its virtual reality camera \u201cOZO\u201d\u00a0and hardware.<\/p>\n<p>The unit\u00a0so far has about 1,090 workers and the Staff in Finland will be the most affected by the potential cuts. By the end of June, the company had about 102,000 employees who helped run the company\u2019s manufacturing operations. Nokia has made a statement outlining that the unit will continue focusing on patent, brand licensing business and digital health.<\/p>\n<p>The company\u2019s spokesperson <a href=\"http:\/\/www.livemint.com\/Companies\/gG3nUYvXl5eEwcaHVk9JzK\/Nokia-plans-to-reduce-up-to-310-jobs-halt-VR-camera-develop.html\" target=\"_blank\" rel=\"noopener\">opined<\/a>, \u201cThe slower-than-expected development of the VR market means that Nokia Technologies plans to reduce investments and focus more on technology licensing opportunities.\u201d<\/p>\n<p>After encountering serious challenges some years ago, Nokia focused on changing its business strategies and is now working on telecoms network equipment. Last year, the phone company unveiled its new camera and that was a showcasing of its digital media business.<\/p>\n<p>It will be counting on the new device for its future growth. The device was designed with the aim of making 3D\u00a0games\u00a0and movies\u00a0that can be played and watched with the virtual reality headsets. It hoped to make more sales after it took lower the price of the device by about 25%.<\/p>\n<p>HMD Global this year unveiled four Nokia\u00a0smartphones. But the Nokia\u00a09 is a real showcasing of the major stride the phone company has made in business. On the other hand the Nokia 8 is currently up for sale in India and Europe.<\/p>\n<p>Specs for the newest device haven\u2019t been unveiled yet. Customers anticipate a device featuring the Zeiss optics. It is said to be constituted by a 4GB of RAM, the Snapdragon 835 processor and 64\/128GB on-board storage options.<\/p>\n<p>The company\u2019s progress is impressive and a lot of people are looking closely to see what it achieves in the near future.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The stock of Nokia Oyj (ADR) (NYSE:NOK) closed at $5.93 gaining 1.63% in yesterday\u2019s trading session. This phone company has expressed its intention of cutting [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":4278,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[263],"tags":[12489,12488,672],"stock_ticker":[],"class_list":["post-40393","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-nokia-oyj-adr","tag-nokia-oyj-adr-nysenok","tag-nysenok","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Nokia Oyj (ADR) (NYSE:NOK) Intends To Cut Down 310 Jobs From Its Nokia Technologies Unit - Wall Street PR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cablemanpro.com\/wallstreetpr\/nokia-oyj-adr-nysenok-intends-to-cut-down-310-jobs-from-its-nokia-technologies-unit-40393\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nokia Oyj (ADR) (NYSE:NOK) Intends To Cut Down 310 Jobs From Its Nokia Technologies Unit - Wall Street PR\" \/>\n<meta property=\"og:description\" content=\"The stock of Nokia Oyj (ADR) (NYSE:NOK) closed at $5.93 gaining 1.63% in yesterday\u2019s trading session. This phone company has expressed its intention of cutting [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cablemanpro.com\/wallstreetpr\/nokia-oyj-adr-nysenok-intends-to-cut-down-310-jobs-from-its-nokia-technologies-unit-40393\" \/>\n<meta property=\"og:site_name\" content=\"Wall Street PR\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/WallStreetPR\/\" \/>\n<meta property=\"article:published_time\" content=\"2017-10-16T12:18:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2012\/11\/nokia.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"460\" \/>\n\t<meta property=\"og:image:height\" content=\"296\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Brendan Byrne\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Brendan Byrne\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/nokia-oyj-adr-nysenok-intends-to-cut-down-310-jobs-from-its-nokia-technologies-unit-40393#article\",\"isPartOf\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/nokia-oyj-adr-nysenok-intends-to-cut-down-310-jobs-from-its-nokia-technologies-unit-40393\"},\"author\":{\"name\":\"Brendan Byrne\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#\/schema\/person\/63a75bf2d685d9d351a6f01cfc69b511\"},\"headline\":\"Nokia Oyj (ADR) (NYSE:NOK) Intends To Cut Down 310 Jobs From Its Nokia Technologies Unit\",\"datePublished\":\"2017-10-16T12:18:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/nokia-oyj-adr-nysenok-intends-to-cut-down-310-jobs-from-its-nokia-technologies-unit-40393\"},\"wordCount\":352,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#organization\"},\"image\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/nokia-oyj-adr-nysenok-intends-to-cut-down-310-jobs-from-its-nokia-technologies-unit-40393#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2012\/11\/nokia.jpg\",\"keywords\":[\"Nokia Oyj (ADR)\",\"Nokia Oyj (ADR) (NYSE:NOK)\",\"NYSE:NOK\"],\"articleSection\":[\"Technology\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/cablemanpro.com\/wallstreetpr\/nokia-oyj-adr-nysenok-intends-to-cut-down-310-jobs-from-its-nokia-technologies-unit-40393#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/nokia-oyj-adr-nysenok-intends-to-cut-down-310-jobs-from-its-nokia-technologies-unit-40393\",\"url\":\"https:\/\/cablemanpro.com\/wallstreetpr\/nokia-oyj-adr-nysenok-intends-to-cut-down-310-jobs-from-its-nokia-technologies-unit-40393\",\"name\":\"Nokia Oyj (ADR) (NYSE:NOK) Intends To Cut Down 310 Jobs From Its Nokia Technologies Unit - 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