Nokia sells factory at Salo after closure to drugmaker Orion
Nokia has cut more jobs from its manufacturing division, with the subsequent closure of the company's plant in Salo, Finland. The shutting down of the Salo factory also represents the final door being locked on Nokia's manufacturing presence in Europe - the Windows Phone OEM now makes use of locations outside the EU.
With the 850 jobs cut and transfer of manufacturing processes, the company expects to keep up-to-date with the constant altering market to produce hardware more efficiently, while at a cheaper cost to the bank book. Nokia plans to attack with a Lumia 510, another low-end Windows Phone that will target developing markets.
The Salo factory, which was announced to be closing earlier in the year, will be in the hands of pharmaceutical drugmaker Orion - perhaps they'll release a Windows Phone app as part of the deal?
Nokia has continued to slash jobs within the company as it attempts to lighten operating costs while maintaining high levels of quality and innovation, which are required to compete with the likes of Apple and Samsung.
via: GSM Insider; thanks, LiuXiang, for the heads up!