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July 18, 2013 AT 10:16 AM
Nokia noted declining revenues and overall unit sales in handsets, but also improving operating profits -- cross currents that point to a company still doing quite a lot of cost cutting to right-size itself. And in its earnings statement, Nokia added one more detail indicating that this cutting exercise will continue to be played out in the quarters ahead: up to 440 jobs will be cut in its mobile phones division -- that is, the legacy part of its devices business that does not include smartphones.