Nokia continues with cuts slashing 3,500 more jobs
Nokia has announced that it's cutting the workforce by 3,500 personnel. The manufacturer will also be closing its Romanian production facility by the end of the year as well as the Location & Commerce sites in Bonn, Germany and Malvern, US. The reduction and closure is expected to be completed by the end of 2012 and CEO Stephen Elop has said that this is a "painful, yet necessary, steps to align our workforce and operations with our path forward".
Salo, Finland, Komarom, Hungary, and Reynosa, Mexico plants will be under review with the expectation that they will shift their focus to customer and market-specific software and sales package customisation, which could result in more cuts being made to the workforce. The Location & Commerce business, which pulls together Nokia’s NAVTEQ and other location services, appears to be in the process of being automated.
It's a shame that Nokia, much regarded as a European manufacturer, is looking to close doors on the continent in favour of Asian facilities. We hope the job losses will be met with new openings for staff and wish them all the best in the tough economic future. Let us hope that the upcoming handset will be a killer device.