Finnish handset vendor Nokia, the world’s largest in terms of shipments, announced plans to cut a further 490 positions on Tuesday as part of its belt-tightening strategy.

The firm said that 170 employees worldwide working in logistics, production management and production support would be out of a job, as it looks to slim down its Demand Supply Network Management organisation, which is responsible for production and logistics for devices.

The company also announced a targeted voluntary resignation package for employees at its mobile device manufacturing facility in Salo, Finland, following the success of the package offered to Nokia workers in February.

This targeted package will be available for up to 320 employees working at the Salo manufacturing facility from June 1, and will close on June 30, 2009.

Last month, the company cut 450 employees from its internal IT and Compatibility & Industry Collaboration unit. All these cuts are part of previously announced plans to reduce costs.