Quoting:Nokia will cut jobs in the wake of its deal with Microsoft to use the Windows Phone operating system. The company will significantly reduce research and development spending.

"There will be substantial reductions in employment in various locations around the world and that too will affect Finland," Nokia CEO Stephen Elop told reporters in London. "We don't have any specific comments about who and what level of people will be hit."

”You’re talking about 20,000 people, it’s a big number,” said Pekkarinen.

”We’re talking about far and away the biggest process of structural change that Finland has ever seen in the new technology sector.”