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Nokia asks for layoff volunteers

Nokia, which announced earlier this month it was planning cut jobs, said Tuesday it will seek up to 1,000 voluntary resignations to further reduce costs amid the global economic downturn.

25 Feb 2009

The world's largest mobile phone maker said it will open a global voluntary resignation package on 1 March, and plans to increase short-term unpaid leaves and sabbaticals.

It also appealed to employees to accept holiday time as payments, instead of cash, for overtime work in 2009.

Read the full article here.