Finnish mobile phone manufacturer Nokia is considering selling its corporate headquarters in Espoo, Finland. The sale of the office is part of a plan to get rid of non-core assets. Nokia is looking for different options for how to dispose of real estate that does not bring profit to the company.
The headquarters building falls under the heading of non-core assets, the Reuters news agency writes on its website.
According to the electronic publication, the headquarters in Espoo is estimated at 200-300 million euros, or 259-388 million US dollars.
In June of this year, Nokia's management announced plans to cut 10,000 jobs by the end of 2013. In the summer, three key rating agencies at once downgraded the rating of the Finnish manufacturer to "negative", which has long been under the close supervision of industry experts.
Recall that in July, as part of the program to reduce overhead costs, Nokia closed its last factory in Finland. Prior to this, production was closed in Vancouver (Canada) and Ulm (Germany).
Nokia's share in the global market has dropped significantly amid the successful promotion of iOS and Android platforms from Apple and Google, respectively. In the first quarter of 2012, shipments of mobile phones running the Symbian operating system fell by about 60 percent.
At the same time, Nokia hopes that it will be able to stay on the market, including thanks to the new Lumia 920 smartphone, which is built on a new platform from Microsoft (Microsoft Phone 8).
See also:
Nokia's Lumia 920 ad released to mock iPhone 5.
Nokia's Lumia ad contains a blooper.
