You'd think a company like Nokia could just finance whatever it wanted, but just to be safe, it's signing a loan agreement with the European Investment Bank (EIB) to the tune of €500 million ($623.9 million). Why the sudden need for cash? According to Reuters, the five-year loan will be used in part to "finance software research and development (R&D) projects Nokia is undertaking during 2009-2011 to make Symbian-based smartphones more competitive." More specifically, those R&D activities will "also benefit the work of the Symbian Foundation and its development of open-source software for mobile devices." Sadly, that's absolutely it for details, but we get the idea we'll be hearing more about this soon. We hear you can accomplish some pretty wild goals with a half billion Euros.

Details are starting to flow in regarding those 4,000 job cuts that Motorola announced in January, and evidently a thousand of 'em are coming from a single Chinese facility. According to the People's Daily Online, 1,000 Moto workers are being dismissed, and every last one of 'em are from the research and development team of the mobile phone department. We're told that the software platform project team suffered the most, and all told, there's just 100 staffers that remain at the plant. For whatever it's worth, Motorola has affirmed that its commitment to growth in the Chinese market remains the same -- apparently it thinks it can still succeed with far fewer heads doing the work.

[Via mocoNews]

As with most other cellphone makers (and companies in general), Nokia managed to lose a bit of cash, market share and dignity in the completely brutal past quarter. That said, it's still doing leaps and bounds better than most, but that glimmer isn't stopping it from shutting down its Jyväskylä site and scaling back at its Salo production facility (pictured). According to Nokia, this is all part of its ongoing plan to "increase cost-efficiency and adapt to the market situation," and with the closings, it'll concentrate mobile devices R&D in Finland at Tampere, Oulu, Salo (though to a lesser extent) and the Helsinki metropolitan area. It's expected that all of the 320 employees at Jyväskylä will be sent packing by the end of this year, while temporary layoffs will be issued on a "rotational basis" (sounds thrilling, no?) at Salo. More details are stored away in the read link, but we'd avoid the depression that's lurking unless your day has just been entirely too awesome.

Another month, another round of layoffs over at Moto. This time, we're seeing 120 out of the 600 positions in Motorola Labs -- the unit responsible for researching pretty much everything ranging from handsets to radio technology -- slashed; another 180 are "being reassigned to work in individual business units." According to the company, the moves from Moto Labs "will help R&D teams work with their business partners to optimize R&D investment and focus on projects that deliver the greatest value for Motorola," though your guess is as good as our as to what that actually means. Granted, we wouldn't normally support hacking off a good part of your innovation department, but considering that it's been stuck in fail mode for far too long, maybe this really is for the best.