Nokia to cut 4,000 jobs

Business > Telecommunications

Published: 8/02/2012 at 10:39 PM
Online news: Telecommunications

HELSINKI : Struggling Finnish phone maker Nokia plans to cut 4,000 more jobs at its plants in Finland, Hungary and Mexico as it seeks to cut costs by moving smartphone assembly work to Asia.

The cuts of 8 per cent of the workforce bring total planned job cuts at the group since Stephen Elop took over as Chief Executive in September 2010 to more than 30,000.Nokia said in a statement the job cuts would take place in phases through this year. It has been reviewing the operations since unveiling the closure of its Romania plant last September."This was inevitable. It was a surprise it took so long for the decision to be made," said Steve Brazier, chief executive of technology...

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pointoffew
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Discussion 1 : 09/02/2012 at 09:39 AM1
Post this to my Facebook
"sales of new Windows Phones failed to dent the dominance of Apple Inc's iPhone ..."
Although I thought I would always stick to Nokia, I abandoned the brand when it switched to Microsoft. Being virtually forced to use MS on computers is bad enough. In phones we still have choice = freedom.
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Nokia to cut 4,000 jobs | Bangkok Post: business