Wednesday, February 8, 2012

Nokia will now assemble phones in Asia

Nokia has announced on Wednesday that it will transfer the assembling of its cellphones to the Asia as there are more suppliers of components there.

“There will no assembling of mobile phones at our plants in Europe after this,” Nokia spokesman James Etheridge said. “We plan to focus product assembly at our plants in Asia where the majority of our suppliers are based, while our facilities in Salo, Komarom and Reynosa will focus on the software-heavy aspects of the production process.”

Nokia has planned to cut down 4000 jobs in the three factories of Finland, Mexico and Hungary but it will not stop production there as reported by the company. Nokia was the best cellphone maker from 1998 to 2008 but after that Nokia shares in cellphone market degrades.

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