4,000 more workers to go
The troubled former maker of rubber boots, Nokia plans to cut 4,000 more jobs at its plants in Finland, Hungary and Mexico.
The cunning plan is to save money by moving smartphone assembly work to Asia. Nokia said in a statement the job cuts would take place in phases through this year. The outfit has already spoken of closing its Romanian plant. On January 26 Nokia reported a 73 percent fall in fourth-quarter earnings after sales of its new Windows Phones failed compensate for diving sales of its own old smartphones. However that is beginning to turn around now and things next year could be significantly different when Windows 8 phones arrive.
Nokia announced in April last year it would cut 7,000 jobs and unveiled a further 3,500 job losses in September. Its network arm Nokia Siemens announced cuts of 17,000 in November. The group had 130,000 staff at the end of 2011, including Nokia Siemens.