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here seems to be no end to the job-cutting spree all across the world. Thousands of more jobs
are set to go in the coming months.

In one of its biggest layoffs, Japan's third largest auto company 

 is planning to lay off

20,000 employees. The job cuts would take place during the next 14 months.

The company also plans to cut salaries and scale down investment plans. Nissan is likely to see a
net loss of $2.89 billion in the financial year ending March 31, 2009.

For the October-December third quarter, Nissan posted an operating loss of 99.2 billion yen and
a net loss of 83.2 billion yen.

   
    
 

 

According to Reuters¶ report, the world¶s mobile phone bigwig Nokia intends slashing another
450 jobs in its services business, IT support and industry collaboration. The move depicts
Nokia¶s attempt to reduce costs in the face of the weak demand.

Around 360 workers will be laid off in Nokia¶s Internet Services division, as the company folds
operations into Ovi Store, which is its content storefront for its May-scheduled mobile devices.

The news of a fresh round of job-cuts at Nokia comes after the company¶s earlier this month
announcement of a colossal 90 percent nosedive in its year-on-year first quarter net profit
figures. With consumers cutting back their expenses and handset sellers looking to clear their
stocks, the company plans to substantially reduce the annual costs at its handset division alone by
over 700 million euros.

The earlier layoff announcement by Nokia include ± the 600 job-cuts announced on November
2008; nearly 400 on February 11, 2009; and 1,700 more job cuts announced on March 17, 2009.
In addition, on February 24 this year, Nokia had announced its intentions of offering a severance
package to the first 1,000 voluntary retirees worldwide.

The figures of 2008-end reveal that the total workforce of Nokia was 61,500 employees; while
its telecom equipment gear division Nokia Siemens Networks (NSN) had a total of 60,300
employees





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Thousands of employee positions will be terminated in Europe, Middle East and Africa over the
next two years, HP said. The company has approximately 80,000 employees in the region. The
countries especially affected will be Scotland and Germany, where HP has its EMEA Enterprise,
Storage and Servers (ESS) production facilities. These factories are slated to be closed in 2010
and production moved to the Czech Republic.

The factory closure in Scotland will affect 710 workers at the enterprise, storage and server plant
in Erskine, an HP spokesperson told ZDNet Asia's sister site ZDNet UK on Thursday. Earlier
reports had suggested that the number of HP workers affected by the cuts in Scotland would be
840.

"We can confirm that the number of jobs affected will be 710," said the spokesperson. "Out of
that number, 80 are permanent HP employees and the remaining are temporary workers and
contractors." The spokesperson declined to say how many jobs would be affected by the factory
closure in Germany.

HP employees have been hard hit by layoffs over the past year. The company announced 6,400
job cuts earlier this month, following a fall in PC revenue of 19 percent in its last financial year.
In the same period, its imaging and printing revenue dropped 23 percent and its storage and
server sales declined 28 percent. These layoffs came on top of previous job cuts, which followed
the integration of IT services company EDS.