Nokia is still trying to turn things around after a slew of losses, and has made some tough decisions about how to move forward by announcing it will reduce staff by up to 10,000 people before the end of 2013. Also on the outs are three executives, and it has sold the luxury brand Vertu to private equity group EQT VI. That's not the end of the bad news either, as Nokia is also reporting it will take a charge of 1 billion Euros ($1.3 billion) by the end of 2013 as a result of the restructuring and its efforts to return to profitability. Check the press releases after the break for more details while we sort through what this means for the (remaining) folks in Espoo.
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Nokia 'sharpens strategy' by dropping three executives, laying off 10,000 and dumping Vertu originally appeared on Engadget on Thu, 14 Jun 2012 02:57:00 EDT. Please see our terms for use of feeds.
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