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Nokia to slash jobs as it moves work to Asia

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Published: 02/09/12 12:05 am
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N okia, the biggest maker of cellphones by volume, said Wednesday it would eliminate 4,000 manufacturing jobs, or 7 percent of its global work force, as it moved to save money on production of smartphones. The company said the cuts would be made at three Nokia factories – in Komarom, Hungary; Reynosa, Mexico; and Salo, Finland – as it transferred the assembly of smartphones to factories in Asia that are closer to makers of components. Nokia is struggling financially during the transition from its Symbian-based smartphone lineup to Lumia Windows phones supported by Microsoft.

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