Thursday, October 4, 2012

Nokia weighs selling headquarters in move to save cash

Nokia has set up a process to sell off its headquarters in Espoo, Finland, as it looks at ways to conserve money, reports the Financial Times. It is looking to sell and lease back the building in a move that could raise an estimated EUR 200 million-EUR 300 million. It employs 1,800 workers at the site.

In a statement, the company said that selling the headquarters was one possibility being examined to help cut costs and conserve cash.