Nokia slashes 3,500 more jobs, shutters factory

Nokia has announced it is slashing its workforce by 3,500, shutting its Romanian production facility by the end of the year while also shuttering the Location & Commerce sites in Bonn, Germany and Malvern, US. The reductions – which are expected to be completed by the end of 2012 – are described by Nokia CEO Stephen Elop as “painful, yet necessary, steps to align our workforce and operations with our path forward,” and come before the company has even officially unveiled its first Windows Phone handset. The company suggests that the Romanian manufacturing plant was unable to keep up with the high-volume production from its Asian plants, hence the marching orders for the staff there. Meanwhil... »read more

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