Cellphone Maker Nokia To Cut 10,000 Jobs

     In a cost cutting effort Nokia the giant cellphone manufacturer based in Finland, is trimming its workforce by 10,000 jobs.  The measure is aimed at saving $2 billion by the end of 2013.  Nokia faces heavy competition in its smartphone sector from companies like Apple, Samsung, and HTC (a Taiwanese company).  It's lower end, entry level feature phones are facing competition from emerging manufacturers in China, such as China's ZTE.  The planned cuts include closing some research and development (R&D) facilities.  Nokia has also agreed to sell its luxury phone brand Vertu.  See full story www.nytimes.com.