Nokia shutting down Burnaby research centre
Nokia Corporation plans to close its research centre in Burnaby as part of its move to lay off 10,000 employees worldwide by the end of 2013.
The Finnish mobile communications company will also shut down a research and development project in Ulm, Germany, and a manufacturing facility in Salo, Finland, to reduce costs.
"These planned reductions are a difficult consequence of the intended actions we believe we must take to ensure Nokia's long-term competitive strength," Stephen Elop, Nokia president and CEO, said in a news release today (June 14). "We do not make plans that may impact our employees lightly, and as a company we will work tirelessly to ensure that those at risk are offered the support, options and advice necessary to find new opportunities."