By Marcus Leach

Nokia will continue their €1 billion cost saving plan by cutting 3,500 jobs and closing a plant in Romania.

The next phase of job cuts comes on the back of major cuts earlier in the year as the struggling phone firm continues to restructure.

The cost cutting was announced in April, so the cuts are not entirely unexpected.

Nokia said it would shut its plant in Cluj, Romania, and cut jobs in its location division, whose products include maps for mobile phones. Further to that they will review the future of plants in Finland, Hungary and Mexico.

"We must take painful, yet necessary, steps to align our workforce and operations with our path forward," said chief executive Stephen Elop.

"Nokia plans to close its manufacturing facilities in Cluj, Romania, by the end of 2011... and plans to close its (locations and commerce development) operations in Bonn, Germany and Malvern, US," by the end of next year, the company statement said.

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