Nokia, one of the largest mobile phone manufacturers in the world, has just announced that it has decided to slash over 7,000 jobs in an effort to cut costs and save over 1 billion euros ($1.46 billion).

The (job)hunt begins...

The (job)hunt begins…

The layoffs include 4,000 staff members mostly from Britain, Finland and Denmark. It also includes the transfer of over 3,000 jobs to Accenture, which is set to take over Nokia’s Symbian software activities. In its home country of Finland, Nokia is set to layoff over 1,400 staff members, a majority of whom are MeeGo coders.

In a statement released on the Nokia Blog, Nokia said “Reductions are expected to take place in phases until the end of 2012, linked to the rollout of Nokia’s planned product and services portfolio. The planned reductions will have the greatest impact on the Symbian and MeeGo R&D. In addition, approximately 3,000 employees are planned to transfer to Accenture to support the continued delivery of Symbian software development and support.”

Although the layoffs begin today, all the workers who will be affected by the restructuring will remain on Nokia’s payroll through 2011.

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