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Nokia to Cut Phone Production

Feb 11, 2009, 7:32 AM by Eric M. Zeman

In response to a drop in demand for handsets worldwide, Nokia said that it would cut production volumes at its plant located in Salo, Finland. Nokia will layoff the entire staff of that plant on a rotational basis, with 20% -30% idle at any given time. It hopes to save $905 million per year.

Reuters »

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Comments

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This forum is closed.

murmermer

Feb 11, 2009, 10:12 PM

25% of staff costs nearly 1 billion dollars!

i work at the wrong end of the cellphone deal 🤤

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