Nokia to cut up to 2,300 staff
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Nokia (NOK1V.HE), 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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Phone maker Nokia has detailed moves that it hopes will make it the supplier of choice for mobile email and messaging devices for corporates.
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Two executive board members at Nokia resigned on Friday, bringing to three the number of top level managers to leave the worldâs largest producer of mobile phones in the last two weeks.
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The world's biggest mobile handset  maker, Nokia , announced six new phone models on  Monday, including a new mid-priced phone and models targeting  business users.
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Top mobile phone maker Nokia plans to cut hundreds of jobs in Finland and abroad as it seeks to curb research spending, but said on Tuesday it would also boost production staff at a key handset plant.
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The Wall Street Journal reports that the No. 3 cell phone operator in the country is preparing to lay off thousands of workers to help get its business back on track.
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A pair of top executives in charge of the networks division at mobile phone giant Nokia Corp.
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HELSINKI: Nokia said the respected head of its networks unit had resigned and another top networks official left in the second major departure of top management in two weeks at the world&#39;s largest mobile phone maker.
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Nokia, the world's biggest handset maker, unveiled on Wednesday a miniature version of its equivalent of the Swiss Army knife it hopes will lure women and less-techie business people.
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Nokia (NOK1V.HE: Quote, Profile, Research) said on Friday the head of its networks unit had resigned and another top networks executive left, in the second major shake-up
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Nokia said the head of its networks unit had resigned and another senior networks executive left, marking the second round of departures of top management in two weeks at the world&#39;s top mobile phone maker.
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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 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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HELSINKI, Finland -- Nokia Corp. on Tuesday cut its operating margin targets, blaming increased exposure to the network infrastructure business. It also predicted global sales of mobile phones would grow by 10 percent in 2007.
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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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"Due to market changes and increasing requirements for cost-effectiveness, production of mobile devices in Germany is no longer feasible for Nokia"  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 ... via SanLuisObispo.com
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Connecting people? German politicians will investigate whether Nokia took unfair advantage of state and EU subsidies after it announced the closure of its handset assembly plant in Bochum in North Rhine-Westphalia. Nokia employed more than 2,300 people there in exchange for EU subsidies.â¦