Nokia to Cut 4,000 Jobs, Shift Phone Production to Asia.

Nokia Oyj, the world’s largest maker of mobile phones, will cut about 4,000 jobs in its factories in Hungary, Mexico and Finland to speed up the delivery of devices and get closer to suppliers.

Device assembly is expected to be transferred to factories in Asia, where the majority of component suppliers are based, Nokia said in a statement. The Salo, Finland plant, established in 1979, makes smartphones for European markets.

http://www.bloomberg.com/news/2012-02-08/nokia-plans-to-eliminate-4-000-jobs-as-it-shifts-device-assembly-to-asia.html