Nokia to Close German Plant, Lay Off Workers
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Nokia is laying off 2300 employees at a German factory and moving production to lower-cost sites.
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The exact number of layoffs, which are focused in Nokia's multimedia division and mostly in Finland and Germany, will be decided later, said Kari Tuutti, head of the division's information department.
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Anger in Germany against mobile phone giant Nokia for closing a factory grew on Saturday with the head of one of the parties in the governing coalition joining the calls for a boycott.
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European telecom makers Nokia Corp. and Siemens AG have agreed to combine their telephone equipment units in a deal valued at roughly 25 billion euros (&#36;31.6 billion), according to a newspaper report.
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German officials said Saturday they were looking into whether Nokia, which recently said it would close its factory in the western city of Bochum, had received more state subsidies than it was due.
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The Blue Bell, Pa.-based company said it will close some of its facilities and reduce its employee head count.
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SALINAS, Calif. Jelly maker JM Smucker says it will close a California processing plant and cut other US jobs as part of a restructuring.
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BRUSSELS Nokia said Tuesday it had quit the Computer and Communications Industry Association, or CCIA, a trade group that had been fighting Microsoft for almost a decade, after the group announced that it was ending its war with its former foe.
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Nokia Siemens Networks said Monday it will transfer some research and development operations, including 230 workers, to Finnish IT service provider Tietoenator in a further move to cut costs. via PR-inside.com
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Swiss firm STMicroelectronics is to close three factories in the US and Morocco, putting 4,000 jobs at risk.
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German unions on Thursday called for a  consumer boycott of Nokia (NOK1V.HE) products to protest  against the cellphone maker's plans to close a German plant.
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Nokia Siemens Networks, the Finnish-German telecom networks manufacturer, said Friday it would cut 2,290 jobs in Germany as part of a restructuring plan.
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Mobile phone maker Nokia will lay off 2,300 employees at a German plant and move production to lower-cost European sites, the company announced Tuesday.Nokia plans to close the plant in Bochum, Germany, by midyear. Nokia also plans to close an automotive business there and is negotiating with Sasken Technologies to sell a Bochum-based software research and development entity, the company said in a news release.The Bochum site was not &quot;globally competitive,&quot; Nokia said. Additional investments would not make the site competitive, the company said.Nokia, based in Finland, announced last March that it was opening a manufacturing plant in Romania. The company also has a plant in Hungary.Market changes and &quot;increasing requirements for cost-effectiveness&quot; mean that &quot;production of mobile devices in Germany is no longer feasible for Nokia,&quot; Veli Sundb&#228;ck, executive vice president of Nokia, said in a statement. &quot;It cannot be operated in a way that meets the requirements for global cost efficiency and for flexible capacity growth. Therefore we have to make this tough decision.&quot;Nokia will negotiate with employee representatives to &quot;reach a satisfactory solution&quot; for everyone involved, the company said.
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(InfoWorld) - Nokia Corp., the world's top handset maker, said on Thursday it plans to reshuffle 700 employees over the next few months, citing a need to improve its focus and efficiency. Nokia will try to move some employees into new positions in the company, while others could take voluntary severance packages, said Arja Suominen, vice president of communications. She said she did not know many employees would be laid off, although the company will study the shuffle. Those affected are 360 employees in Nokia's Enterprise Solutions business group; 140 in the Software Platforms area of its Technology Platforms unit; 130 who deal with the company's global IT operations; and 30 in Customer and Market Operations. It wasn't clear where the remaining 40 employees work, although Nokia said the changes would affect a maximum of 700 workers. Nokia said 340 of those staff affected are based in Finland. Nokia employs 68,000 worldwide. Nokia said its Enterprise Solutions division would take a sharper focus on markets where there is a greater return on investment. Nokia posted losses for the division in every quarter in fiscal 2006, including an operating loss of â¬64 million (US$83 million) in the fourth quarter. "It's very clear we will need to make that business profitable," said Olli-Pekka Kallasvuo, president and CEO of Nokia, referring to the enterprise division. "We're looking at different options in order to do that." He spoke during a press conference at the 3GSM World Congress in Barcelona on Monday and didn't hint at the cuts announced on Thursday. Nokia said it also wanted greater efficiency from the R&D (research and development) efforts of its Technology Platforms unit. Nokia has suffered declining sales in North America while the average selling price of its models has also fallen. However, profits and revenue have remained strong, and the company reported a 19 percent increase in net profit for its fourth quarter ended Dec. 31, 2006, over a year prior, up to â¬1.3 billion. Â  Nancy Gohring in Barcelona contributed to this report.
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BREAKING NEWS: Resignations at Nokia Networks; Baldauf announces departure In a statement put out on Friday morning by the Finnish mobile phones giant, Nokia has announced that Sari Baldauf, the head of the ...
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Nokia Corp. on Tuesday cut its operating margin targets, blaming increased exposure to the network infrastructure business.Comment
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Nokia , the world's top cellphone maker, said on Tuesday it plans to close its plant in Bochum, Germany, by mid-2008 and may cut up to 2,300 staff as it moves production to lower-cost regions.