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Nokia cuts 4,000 jobs

02-10-2012 08:24 BJT

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In corporate news, another smartphone maker struggles to compete in a market dominated by Apple and Google. Finnish Nokia is cutting jobs and moving smartphone assembly work to Asia.

4,000 jobs will be axed in Finland, Hungary and Mexico, bringing the total planned job cuts at the company’s phone group to more than 30 thousand since September 2010 when Stephen Elop took over as CEO.

A Nokia store in the Finnish capital Helsinki. World-leading mobile phone maker Nokia
will cut 4,000 jobs at its smartphone manufacturing facilities in Finland, Hungary
and Mexico by the end of 2012, it said on Wednesday.

Nokia chose to take the road less travelled when it partnered with Microsoft Windows on its operation system, instead of Google’s Android. But their phones have failed to even dent the dominance of Apple’s iPhone OR compensate for diving sales of its own old smartphones.

And recent financial results have underscored the need for drastic changes at the company.

Last month, it reported a 73 percent fall in quarterly earnings, and Q4 smartphone sales shrank by nearly a third from the year ago.

Most of Nokia’s rivals have already moved production to Asia, and the latest job cuts come only months after the company closed its plan in Romania.

Employees of Nokia Siemens Networks protest with posters against jobs cuts in front of the
company's German headquarters in Munich, southern Germany, Wednesday, Feb. 1, 2012.

Employees of Nokia Siemens Networks protest against jobs cuts in front of the German
headquarters in Munich, southern Germany, Wednesday, Feb. 1, 2012.

Employees of Nokia Siemens Networks protest against jobs cuts in front of
the German headquarters in Munich, southern Germany, Wednesday, Feb. 1, 2012.

 

 

 

Editor:Zhang Rui |Source: CNTV.CN

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