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June 14, 2012 03:11 pm GMT

Nokias Restructuring and Two Other Stories You Need to Know




Social Media NewsWelcome to this mornings edition of First To Know, a series in which we keep you in the know on whats happening in the digital world. Today, were looking at three particularly interesting stories.

Nokia Sells Vertu, Announces Major Layoffs

Nokia has announced it will close its factories in Finland, Germany and Canada and lay off up to 10,000 workers before the end of 2013.

The company has also shuffled a couple of its key executives, and sold its luxury phone brand Vertu to private equity group EQT VI.

Amongst all these cuts, the Finnish giant managed to find the funds for an acquisition. Nokia will acquire specialists, technologies and intellectual property from…
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More About: features, first to know series, mashable, microsoft, Nokia, samsung, yammer


Original Link: http://feeds.mashable.com/~r/Mashable/~3/JmLXSNFwZ9o/

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