Nokia chief confirms plant to close
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Nokia Chief Executive Olli-Pekka Kallasvuo said in an interview published Thursday that the company will not change its decision to shut a mobile phone manufacturing plant in Bochum, Germany, despite widespread protests and possible damage to Nokia's image.
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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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Elevator and escalator manufacturer Kone Corp. said Monday that a Nokia executive was appointed as its new chief executive.
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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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(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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Eastman Kodak Co., the world&#39;s largest maker of photographic film, said Thursday that it will close a plant in Coburg, Australia at the end of November, affecting a total of about 600 employees at the plant and associated operations.
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A judge has halted legal proceedings in one of Qualcomm Inc.'s complaints that Nokia Corp. violated its wireless-technology patents. The move came as a deadline neared for the two companies to renew a high-stakes licensing agreement.
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Stockholm - Nokia, the world&#39;s biggest cellphone maker, took market share in the second quarter by cutting prices and introducing new models, rebounding from its lowest level since 1999, market researcher Gartner said yesterday.
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InfoWorld - Nokia, the world&#39;s largest handset maker, is well known for its consumer devices but maintains a range of enterprise products.
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The world's largest mobile phone maker Nokia reported lower third-quarter earnings on Thursday after cutting handset prices to win back market share but said sales volumes were strong as it moves into the key year-end shopping season.
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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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Nokia (NOK1V.HE) said on Thursday it  and other mobile industry players have agreed on measures to  reduce pollution from the manufacture and disposal of mobile  phones.
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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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Nokia Corp. said Friday that a Japanese supplier will meet all costs stemming from a warning this month about faulty batteries.
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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 (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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After a high-level meeting today, Nokia has agreed to serve on a joint task force to review its decision to close a cell phone plant in Bochum, Germany. Meanwhile, Nokia's cheaper facility under construction in Romania is in trouble.