Around the Net
Nokia Moves It To Asia
- ZD Net, Wednesday, February 8, 2012 10:40 AM
Nokia expects to lay off around 4,000 employees as the ailing company plans to move its manufacturing operations to Asia. The company plans to move its manufacturing operations to Asia in a bid to cut costs and bring the smartphone building process closer to the component suppliers.
Nokia lost its edge by failing to keep up with the iPhone and Android demand. The company plans to cut 4,000 jobs. But it said the Hungary, Mexico and Finland factories where the jobs cuts will be shall remain in operation to focus on European and U.S. smartphone consumerisation.
