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.
|25% of staff costs nearly 1 billion dollars!||murmermer||
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