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Nokia plans to conduct layoffs (layoffs) to 10 thousand employees globally because of great loss. Nokia warned its employees, that the losses in the second quarter will be greater than expected.

"Nokia on Thursday announced that it will cut as many as 1,000 jobs at its plant in Salo, Finland. The company's layoffs will happen gradually through 2012, with most cuts happening by the end of June, Reuters reported. The Salo plant is the last large cell phone manufacturing plant in Western Europe, as most businesses have moved their manufacturing to Asia. Last month, Nokia shed 2,300 workers from a plant in Komarom, Hungary and 700 others in Reynosa, Mexico as it too shifted much of its manufacturing to China. This new round of layoffs comes as part of a larger effort to cut costs following the €1 billion loss the company reported last quarter. "