May 25 (Reuters) - Microsoft Corp MSFT.O :
* Announced plans to streamline company's smartphone
hardware business, which will impact up to 1,850 jobs
* Company will record an impairment and restructuring charge
of approximately $950 million
* Approximately $200 million will relate to severance
payments
* Anticipates this will result in reduction of up to 1,350
jobs at Microsoft Mobile Oy in Finland
* Employees working for Microsoft Oy, a separate Microsoft
sales subsidiary based in Espoo, are not in scope for planned
reductions
* Will record a charge in Q4 of fiscal 2016 for impairment
of assets in its more personal computing segment
* Actions associated with announcement are expected to be
substantially complete by end of calendar year
* Actions associated with announcement are expected to be
fully completed by July 2017 , end of company's next fiscal year
Source text for Eikon: ID:nCNWlB2JLa
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