-- Paul Meller,

Nokia Closes R&D Facility

ESPOO, Finland -- last week announced that it is shutting down its research and development facility in Jyväskylä, Finland, as part of an effort to cut costs by more than €700 million ($893 million U.S.) over the next two years.

About 320 workers at the facility will be laid off.

The cost-cutting plan also calls for temporary layoffs of workers at Nokia's manufacturing operations in Salo, Finland. The company said that it will lay off 20% to 30% of the 2,500 workers there on a rotating basis for periods up to 90 days.