Nokia plans to cut 4,000 jobs in Hungary, Mexico, Finland
Finland-based Nokia Corp., the world's largest handset maker by unit shipments, said it plans to move some of its smartphone production closer to component suppliers in Asia, cutting about 4,000 jobs at assembly plants in Hungary, Mexico and Finland in a bid to get products to market more quickly.
Loss-making Finnish cellphone maker Nokia plans to cut another 10 000 jobs globally, and warned the second-quarter loss from its cellphone business would be larger than expected.