Printed from http://www.electronista.com

Nokia to leave 2,300 Germans unemployed

updated 02:40 pm EST, Tue January 15, 2008

Nokia cuts 2,300 jobs

Cellphone giant Nokia will soon close one of its German factories, putting some 2,300 people out of work, writes Agence France-Presse. The Finnish company claims that due to "market changes and increasing requirements for cost-effectiveness," it can no longer afford to keep its presence in Germany, which is represented by a facility in Bochum. Along with the factory, the Bochum site also plays host to buildings such as research and development labs, which Nokia hopes to sell to one or more parties. The company says it is already in negotiations with India's Sasken Technologies, in this regard.

Nokia has also been negotiating with factory labor unions on the terms of the closure, which it hopes to begin as soon as possible. Efforts were reportedly made before today's announcement to keep Bochum going; neither improvement projects nor collaborations with employees, however, are said to have improved the plant's profitability.

Nokia controls some 40 percent of the total cellphone market, and 63 percent of the smartphone market. Despite this, it has increasingly moved production efforts to cheaper Third World locations, including China, Mexico, India and Brazil. First World sites include plants in Britain, Finland, Hungary and South Korea.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Logitech Hyperion Fury mouse

Selecting the correct gaming mouse comes down to finding a device that balances the needs of a user with a price they can afford. Ofte ...

Life n Soul BM211 Bluetooth speaker

Bluetooth speakers aren't only for listening to some music at the park or on a long bus ride, but can also be built with tablets in mi ...

Epson PowerLite Home Cinema 2030 projector

With high-definition televisions now the standard, 4K televisions becoming the next big thing, and plasma TVs going the way of the din ...

Sponsor

toggle

Most Commented

 
toggle

Popular News