Microsoft confirms Finnish phone site closure and job cuts
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Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.7%
Revenue Growth %: +16.6%
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HELSINKI (Reuters) - Microsoft Corp (NASDAQ: MSFT) on Friday confirmed it will close Nokia Oyj's
The cuts, initially announced in July, are part of Microsoft's plan to cut 7,800 jobs globally, most from the phone hardware business that it bought from Nokia last year.
Two Finnish sites, in Espoo and Tampere, will remain open, Microsoft said.
(Reporting by Jussi Rosendahl; Editing by David Holmes)
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