Nokia to close German plant, auto unit
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Finnish phone maker Nokia Corp. said Tuesday it will close a manufacturing plant and automotive supply unit in Bochum, Germany, and was in talks to sell a research and development unit in Bochum to Sasken Technologies.
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Nokia and Siemens agree to merge their mobile and fixed-line phone network equipment businesses.
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A pair of top executives in charge of the networks division at mobile phone giant Nokia Corp. are leaving the company for personal reasons, the Finnish company said Friday.
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Nokia, the world's biggest mobile phone manufacturer, is to start making handsets in India.
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German anger over plans by Nokia   to close a plant escalated on Friday, with the  finance minister accusing the cellphone maker of "caravan  capitalism" and others vowing to replace their Nokia phones.
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Nokia Corp., the world's biggest mobile phone maker, said Tuesday it plans to lay off "a few hundred" research and development workers globally including up to 250 in Finland in a move to cut R&D costs.
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Leading world mobile handset maker  Nokia (NOK1V.HE) is set to announce three new phones aimed at  business users on Monday, the International Herald Tribune  newspaper reported.
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Nokia, the world's largest mobile phone maker, said it would cut costs in its Multimedia Business Group by shedding workers in the division's research and development department.
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Nokia Corp. said Thursday it will lay off up to 700 people globally, mostly in its enterprise business operation, in a move to increase efficiency and improve competitiveness.
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The Nokia Corporation said it would lay off up to 700 people globally, mostly in its enterprise business operation, to increase efficiency and improve competitiveness. The layoffs, expected within the next few months, include 340 workers in Finland. The cuts will affect research and development, related sales and marketing, as well as internal information technology operations, the company said. Nokia said it would try to transfer some workers to different posts.
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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.
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(InfoWorld) - BenQ Mobile is closing down a handset facility in Taiwan amid an ongoing restructuring of its operations, calling reported plans to outsource production altogether "speculation." The closure of the facility is part of aÂ massive restructuring effortÂ parent company BenQ announced last month, after it failed to make good on a promise to turn around its financial performance in the second quarter. The company's mobile phone business has struggled ever since itÂ took over Siemens' loss-making mobile phone divisionÂ in a high profile deal last year. It also highlights cutthroat competition in the mobile phone industry as leaders such as Nokia and MotorolaÂ grab market share. The handset business had proved so tough for Siemens that it agreed to pay BenQ â¬250 million ($317 million) to take the ailing division off its hands. BenQ has posted losses for the three quarters that have passed since the deal was finalized. The Taiwanese handset facility will close by the end of this year, affecting over 100 workers. Foreign workers invited to Taiwan to work the factory floor will be sent home, while some Taiwanese workers will retire and others will be relocated to other BenQ factories, said Albert Lin, a communications officer at BenQ. The operation accounts for less than 10 percent of BenQ Mobile's handset production. "This is part of BenQ Mobile's plan to cut costs and increase efficiency," he said. He also called news reports from Germany, which say BenQ Mobile plans to sell or close all of its handset factories and farm production out to a contract manufacturer, "speculation," and refused further comment. It's the second series of layoffs announced by the mobile phone maker so far this year. In July, BenQ Mobile said it planned to cut 277 jobs at its facility in Munich, Germany, in addition to releasing 250 German contract employees that work offsite. BenQ Mobile's parent company, BenQ Corp., also said it planned to restructure its operations in an effort to increase cash available to finance BenQ Mobile as it struggles toward profitability. BenQ last month said it would split its name brand division and manufacturing operations into separate companies, a change that would not affect its mobile phone factories. BenQ Mobile planned to continue producing its own handsets due to the degree of customization required by network operators, among other reasons, Clemens Joos, CEO of BenQ Mobile, said at the time. BenQ Mobile faces an uphill battle to return to profitability, mainly because larger rivals have stepped up the competition and are grabbing market share from smaller companies in the industry. BenQ's share of the handset market dropped to 3.2 percent in the second quarter, from 4.8 percent the same time last year, according to market researcher Gartner. Meanwhile, Nokia's share rose to 33.6 percent from 31.6 percent, and Motorola's increased to 21.9 percent from 17.7 percent. Â
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Finland's Nokia, the top global mobile phone manufacturer, said Tuesday that it planned to close a factory in Germany by mid-year which employs 2,300 workers.
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German car maker BMW is set to eliminate "several thousand" jobs next year as part of a cost-cutting plan, a spokesman for the group told AFP on Friday.
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Nokia, the world's largest mobile phone maker, has signed an agreement to acquire Germany's mobile mapping and navigation equipment producer, gate5, for an undislosed sum.
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The dispute between the German state of North-Rhine Westphalia (NRW) and Finnish phone maker Nokia intensified Wednesday after the state demanded Nokia pay back subsidies it received for a plant that is to be closed.
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Upset over the loss of 2,300 jobs in Germany, 15,000 local residents have staged a street demonstration over Nokia's plans to shut down its factory there. Now German leaders are considering taking back a huge Nokia subsidy.