Nokia plans to slash 310 jobs

Nokia plans to reduce up to 310 jobs from its Nokia Technologies unit and halt development of its virtual reality camera ‘OZO’ and hardware, the Finnish company said.

The unit has about 1,090 employees and the potential cuts are expected to affect staff in Finland, the US and Britain. Nokia employed about 102,000 employees as of endJune. The unit will continue to focus on digital health and patent and brand licensing business, Nokia said.