Nokia to cut 4,000 jobs - Finland-based Nokia Corp. said Wednesday it plans to cut about 4,000 jobs at smartphone manufacturing plants by the end of the year.
The cuts will take place at plants in Hungary, Mexico and Finland by the end of the year. Nokia—the world's largest handset maker by unit shipments—said it will move device assembly closer to component suppliers in Asia, in an attempt to get its products to the market more quickly.
"By working more closely with our suppliers, we believe that we will be able to introduce innovations into the market more quickly and ultimately be more competitive," said Niklas Savander, Nokia's executive vice president, markets.
In its latest move as it revamps its strategy, Nokia said it plans to cut 2,300 of the 4,400 jobs in Komarom, Hungary, 700 out of 1,000 jobs in Reynosa, Mexico, and 1,000 out of 1,700 factory jobs in Salo, Finland, as part of a long-term review of the plants announced in September. The three smartphone factories will instead focus on software development for languages, maps, applications and local operators' software requirements.
continue reading => Nokia to cut 4,000 jobs
The cuts will take place at plants in Hungary, Mexico and Finland by the end of the year. Nokia—the world's largest handset maker by unit shipments—said it will move device assembly closer to component suppliers in Asia, in an attempt to get its products to the market more quickly.
"By working more closely with our suppliers, we believe that we will be able to introduce innovations into the market more quickly and ultimately be more competitive," said Niklas Savander, Nokia's executive vice president, markets.
In its latest move as it revamps its strategy, Nokia said it plans to cut 2,300 of the 4,400 jobs in Komarom, Hungary, 700 out of 1,000 jobs in Reynosa, Mexico, and 1,000 out of 1,700 factory jobs in Salo, Finland, as part of a long-term review of the plants announced in September. The three smartphone factories will instead focus on software development for languages, maps, applications and local operators' software requirements.
continue reading => Nokia to cut 4,000 jobs
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