Nokia to cut 4000 jobs as smartphones manufacturing moves to Asia

   Feb 9, 10:48 am

London, Feb 9 (ANI): One of the world's largest mobile phone makers, Nokia, is planning to cut 4000 factory jobs in Europe as it shifts the assembly of smartphones to Asia.

The company said in a statement that jobs would be lost at plants in Finland, Mexico and Hungary this year as part of a reorganisation of its smartphone manufacturing operations.

The company, however, said that the factories would not close, The Telegraph reports.

"Shifting device assembly to Asia is targeted at improving our time to market," the paper quoted Niklas Savander, Nokia executive vice president for Markets, as saying.

"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," Savander added.

The Finland-based mobile manufacturer is struggling to regain its former position as the world's biggest mobile manufacturer after losing ground to Apple's iPhones and smartphones running on Google's Android operating system.

In January, Nokia reported widening fourth-quarter net losses of 1.07billion Euros, against a 745 million Euros profit in same period of 2010, as its new Windows-based smartphones failed to offset the decline in sales of its traditional handsets, and revenues slumped by 21percent. (ANI)

India PC shipments in Q2 plunges 28 percent YOY Sep 1, 6:50 pm
Washington, Sep 1 (ANI): Recent findings from IDC shows that India PC shipment stands at 2.55 million units in second quarter, plunging 28 percent year-on-year but rising of 24 percent quarter-on-quarter.
Full Story
Japan's disaster preparedness and agri-research 'remarkable' Sep 1, 5:38 pm
Tokyo, Sept. 1 (ANI): Japan's experience with the Great Earthquake and the Sarin gas attack in Tokyo subway by terrorists has prompted the Tokyo Metropolitan Government to undertake a range of disaster prevention and management measures.
Full Story
UP CM Akhilesh leaves for The Netherlands to attract investors Sep 1, 1:41 pm
New Delhi, Sept. 1 (ANI): Uttar Pradesh Chief Minister Akhilesh Yadav left for The Netherlands on Monday, during which he is expected to meet investors.
Full Story
ADB to give financial help to control landslide in Nepal's Lampata area Sep 1, 1:16 pm
Kathmandu, Sept.1 (ANI): The Asian Development Bank (ADB) will provide financial assistance to control the landslide at Lampata of Babiyachour-5 in Nepal's Myagdi District.
Full Story
Comments

LATEST STORIES
TOP VIDEO STORIES
PHOTO GALLERY