Cellphone Maker Nokia Announces Job Cuts

Finnish cellphone manufacturer Nokia announced it will cut 10,000 jobs by the end of next year; that follows a cut of 14,000 jobs announced last year. Nokia once dominated the cellphone industry but in recent years has struggled to keep up with smartphone makers like Samsung and Apple.

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RENEE MONTAGNE, HOST:

NPR's business news starts with more layoffs at Nokia.

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MONTAGNE: Finnish cell phone manufacturer Nokia announced it will cut 10,000 jobs by the end of next year; this follows the nearly 14,000 jobs cuts the company announced last year. Nokia once dominated the cell phone industry but in recent years it has struggled to keep up with smartphone makers like Samsung and Apple.

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