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Microsoft confirms Finnish site closure and job cuts

Reuters

HELSINKI (Reuters) - Microsoft <MSFT.O> on Monday confirmed it will close its Finnish mobile phone unit and cut up to 1,350 jobs in the Nordic country.

The cuts, initially announced in May, are part of Microsoft's plan to shed 1,850 jobs from its smartphone business.

Microsoft bought the troubled phone business in 2014 from Nokia <NOKIA.HE>, Finland's biggest company.

(Reporting by Tuomas Forsell, editing by David Evans)

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