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Finnish phone firm Nokia is to cut 700 jobs globally in a bid to make itself "more competitive." The firm's enterprise business arm, including research and development, will face the majority of cuts with 340 losses taking place in Finland. The firm said it needed to reorganize to remain competitive and that where possible people would be relocated. Earlier in 2007, Nokia and Siemens stated plans for a joint venture in early 2007, and warned of job cuts.