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Nokia to cut 10,000 jobs
Nokia to cut 10,000 jobs

okia says it will lay off 10,000 workers worldwide by the end of 2013, in a drive to save costs.

The ailing Finnish mobile phone maker says it aims to return the company to profitable growth by sharpening strategy and improving its operating model.

Although it plans "to significantly reduce its operating expenses", Nokia says it "remains focused" on its smartphones and feature phones and intends to expand location-based services.