Nokia to lay off 1700 worldwide

The world's largest mobile phone maker Nokia will be trimming its workforce by 1,700 employees worldwide, as part of the company's cost cutting efforts, according to media reports.

The world's top mobile phone maker Nokia said the job cuts will affect several sectors, including its devices and markets units, the corporate development office and global support functions.

These measures are part of its previously announced plans to adjust business operations and cost base in accordance with market demand and safeguard future competitiveness.

Nokia last year remained the No.1 cell phone maker selling 468 million handsets, up 7 percent on 2008. It employs 128,400 people worldwide.