Nokia All Set To Cut 4,000 European Jobs, Focus Is Now On Asian Countries

Here’s a piece of sad news for those in the Europe, and working with Nokia, as the Finnish giant continues to re-align its interests and increase competiveness. In other words, cost cutting, which is not such a bad thing, from the company’s point of view.

According to the press release, the company’s decision is going to impact nearly 4,000 jobs in its factories in Komarom (Hungary), Reynosa (Mexico) and Salo (Finland) – these factories will now instead focus on product customization.

These three factories are planned to focus on smartphone product customization, serving customers mainly in Europe and the Americas. Device assembly is expected to be transferred to Nokia factories in Asia, where the majority of component suppliers are based.

It’s only fair. This should reduce waiting time, increase speed of delivery and the people who’ll be losing jobs will be offered “a comprehensive locally-tailored support program, including financial support and assistance with local re-employment.”

Let’s not spread FUD.