Nokia to close German factory, 2,300 jobs affected
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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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Brussels could help Nokia workers who lose their jobs when the mobile phone giant closes a factory in Germany to shift production to Romania, European Commission President Jose Manuel Barrosso said in an interview to appear on Monday.
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Nokia has bowed out of the ringtone market following poor sales from its Club Nokia website. Its exit should also smooth relationships with mobile network operators which think that their hardware providers
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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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"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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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 (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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Anti-Nokia anger in Germany for closing a factory is growing with politicians publicly ditching the firm's phones and joining calls for a national boycott in Europe's largest economy.
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Nokia 'astonished' Nokia has responded with astonishment to the attempt by the North Rhine-Westphalia Bank and local government to reclaim subsidies given to the mobile phone maker in 1999, claiming they invested more money and created more jobs than the subsidy demanded - even though they've now closed the factory.â¦
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Mobile phone maker Nokia Corp. opened a factory in Romania on Monday as part of a program to shift production to low-cost locations in Europe and just hours after angry protests in Germany over plans to shutter a plant.
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"It is true that we support infrastructure in economically less privileged regions, also in Germany"  Anti-Nokia anger in Germany for closing a factory is growing. Besides public demonstrations several top level politicians are publicly ditching the firm's phones. via MobileMonday
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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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Nokia says it is "astonished" a German state wants repayment of subsidies given to a plant now due to close.
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Motorola Inc., the world's No. 2 cell-phone maker behind Nokia Corp., said it will take a pretax charge of $101 million in its second quarter after cutting 2,100 jobs.
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Siemens corruption scandal broadens The â¬20bn merger of the Nokia and Siemens networks businesses will be postponed by a couple of months as a result of the broadening corruption scandal at Siemens.â¦
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Job cutting and Germany reclaimed the spotlight Thursday after T-Mobile announced up to 2,200 cuts and speculation swirled of more investment banker layoffs at Deutsche Bank.
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Hanesbrands Inc. HBI.N said on   Wednesday it would close some plants in Mexico and the United   States, cutting more than 2,000 jobs, as part of its plan to   shift production to lower-cost regions.