Nokia plans to 4,000 jobs as part of a major cost burden, which see much of its production to shift to Asia eliminate. The cuts are made on three plants Nokia - 2,300 workers in Komarom, Hungary, shed, 700 lose their jobs in Reynosa, Mexico, and 1,000 more in Salo, Finland will be dismissed. Each of the three plants will operate at reduced capacity to continue, and the move is part of a larger effort to cut costs after <1000000000 € a loss in the last quarter reported Nokia . "Switching device assembly to Asia aims to improve our time focused on the market. By working more closely with our suppliers, we believe that we introduce in a position to innovations in the market faster and ultimately be more competitive," Nokia executive vice president of Markets Niklas Savander said in a statement. "We see the proposed changes are difficult for our employees and we are committed, committed to our employees and their local communities during the transition." Nokia's full press release follows below.
Nokia is planning changes to its manufacturing operations to improve efficiency in the smartphone production increase
Stock Exchange Release
8th February 2012 at 10:00 clock (CET +1)
Espoo, Finland - Nokia today announced proposed changes in the plants in Komarom, Hungary, Reynosa, Mexico, and Salo, Finland. The measures follow a review of smartphone manufacturing companies that Nokia announced last September and aim to increase the competitiveness of the company's diverse global market for mobile devices.
These three works are planned to focus on smartphones product customization, and serves customers principally in Europe and America. Equipment installation is expected that Nokia factories in Asia where the majority of suppliers are based can be transmitted.
"With the planned changes to our factories in Komarom, Reynosa Salo and continue to play an important role in serving our customers smartphone. You give us a unique ability to both adapt and provide better customer needs," says Niklas Savander, Nokia Executive Vice President, Markets.
"switching device assembly to Asia aims to improve our time focused on the market. By working more closely with our suppliers, we believe that we introduce in a position to innovations to the market faster and ultimately be more competitive "said Savander. "We see the proposed changes are difficult for our employees and we are committed to supporting our employees and their local communities during the transition."
As a result of the plans, the number of steps in the production and the amount of work carried out at sites in Komárom are expected to decline significantly Reynosa and Salo. The changes are expected to affect about 4,000 employees in total.
job cuts are scheduled to expire by the end of 2012. Nokia offers a comprehensive support locally tailored program, including financial support and assistance with local re-employment.