HELSINKI – Nokia said it would cut up to 1,700 jobs, or about 1.3% of the company’s work force, in response to sluggish demand and the poor outlook for near-term recovery.
The company said the cuts will come in its device and media segments, plus corporate development and global support.

Cellphone sales were down 5% to 315 million cellphones in the fourth quarter, Gartner reported, and grew 2% sequentially despite the holiday buying season.
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