New Delhi: Loss-making Finnish cellphone maker Nokia plans to cut another 10,000 jobs globally and warned the second-quarter loss from its cellphone business would be larger than expected.
The cuts bring total planned job cuts at the group since Stephen Elop took over as chief executive in September 2010 to more than 40,000.
Nokia said it would book additional restructuring charges of around 1 billion euros by the end of 2013.
Nokia stock has crashed more than 70 percent since it announced in February 2011 it was dropping its own Symbian smartphone operating software and switching to Microsoft's largely untried Windows Phone system.
On Wednesday, it was reported that the company was in talks with private equity group EQT to sell its luxury handset subsidiary Vertu for around 200 million euros, sources familiar with the matter said.
One of the sources, who declined to be named because talks were still in progress, said a deal could come as early as this week but there was still a chance it could fall through due to the difficulty of carving the unit out of Nokia.
Vertu makes some of the world's most expensive mobile phones, often featuring crystal displays and sapphire keys. The phones can cost more than 200,000 pounds due to previous metal components, although they are not the most technologically advanced phones.
Permira, another private equity group, had previously been in talks to buy Vertu but did not make an offer, according to sources.
Nokia, once the world's leading mobile phone company but is now struggling with falling market share, has said it plans to sell "non-core assets".
copyright @ Thomson-Reuters 2012
The cuts bring total planned job cuts at the group since Stephen Elop took over as chief executive in September 2010 to more than 40,000.
Nokia said it would book additional restructuring charges of around 1 billion euros by the end of 2013.
Nokia stock has crashed more than 70 percent since it announced in February 2011 it was dropping its own Symbian smartphone operating software and switching to Microsoft's largely untried Windows Phone system.
On Wednesday, it was reported that the company was in talks with private equity group EQT to sell its luxury handset subsidiary Vertu for around 200 million euros, sources familiar with the matter said.
One of the sources, who declined to be named because talks were still in progress, said a deal could come as early as this week but there was still a chance it could fall through due to the difficulty of carving the unit out of Nokia.
Vertu makes some of the world's most expensive mobile phones, often featuring crystal displays and sapphire keys. The phones can cost more than 200,000 pounds due to previous metal components, although they are not the most technologically advanced phones.
Permira, another private equity group, had previously been in talks to buy Vertu but did not make an offer, according to sources.
Nokia, once the world's leading mobile phone company but is now struggling with falling market share, has said it plans to sell "non-core assets".
copyright @ Thomson-Reuters 2012
