“Nokia “to cut a further 1,800 jobs despite unveiling profits of €322m

The Finnish company, which produces 30pc of the world's mobiles, said the cuts, which come on peak off almost 6,000 positions lost at its Nokia Siemens division previous year, are part of its plans to get better its below par performance.

Stephen Elop, who took over as chief executive previous month, said: "Our company faces a remarkably disruptive time in the industry, with current results demonstrating that we must reassess our role in, and our approach to, this industry."

Nokia, once the preeminent mobile phone brand, has lost ground to rivals such as Apple and smart phones using Google's Android operating system.

News of the cuts came as Nokia announced better-than-expected third-quarter results. The company recorded net profits of €322m (£289m) on revenues up 5pc to €10.27bn.

Sales rose by 61pc to 26.5m units and the average selling cost of a handset rose from €64 to €65 after a series of quarterly declines.

WORLD TECHNOLOGY {WT}