Nokia to shed 4,000 jobs as manufacturing shifts to Asia

. Nokia plans to eliminate 4,000 jobs as part of a major cost-cutting effort that will see much of its manufacturing shift to Asia. The cuts will be made across three Nokia plants -  2,300 workers will be shed in Komarom, Hungary, 700 will lose their jobs in Reynosa, Mexico and 1,000 more in Salo, Finland will be laid off. Each of the three plants will continue to operate at reduced capacities, and the move is part of a larger effort to cut costs following the €1 billion loss Nokia reported last quarter. ”Shifting device assembly to Asia is targeted at improving our time to market.

Boy Genius Report, Nokia to shed 4,000 jobs as manufacturing shifts to Asia