Nokia to shed 2,300 staff in Germany

According to the Times Online, Nokia is cutting two thirds of its German workforce as part of a major restructuring that will move production to Eastern Europe after the closure of a manufacturing plant.

"A total 2,300 staff will lose their jobs when the plant in Germany's Bochum is closed, including 1,800 employees in assembly and 500 people in R&D, software development and other support operations, the world's largest phone manufacturer said.

okia said cost-cutting had become necessary because of the "the lack of competitiveness" of the location, adding that the plant's production is likely to be absorbed by a facility in Komorom, Hungary, and a second being built in Cluc, in Romania."

emily | 6:20 PM | News, Buzz |
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