Finnish phone maker Nokia is cutting 3,500 manufacturing jobs in an effort to save costs. It is the latest round of layoffs for the company, which axed 6,800 research and development jobs earlier this year.
Nokia has seen a significant drop in its global market share this year, in the face of growing competition from Apple and Android smartphones. The AFP reports that Nokia’s market share fell to around 23 percent in the second quarter of this year, compared with a peak of 40 percent in the first half of 2008.
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