Nokia set to sack 10,000 employees

London, June 14 (ANI): Nokia has announced plans to lay off 10,000 employees worldwide by the end of 2013 in a drive to save costs.

The Finnish mobile phone maker said it aims to return the company to profitable growth by sharpening strategy and improving its operating model, Daily Express reports.

Although it plans 'to significantly reduce its operating expenses,' Nokia said it remains focused on its smartphones and feature phones and intends to expand location-based services. (ANI)