Wednesday, January 16, 2008

Nokia Loves Romania

More wireless job cuts.

First Sprint.

Now, Nokia.

According to WSJ's Aude Lagorce, Nokia Corp. will be slashing as many as 2,300 manufacturing jobs in Germany as it moves production to lower-cost European countries such as Romania.

The world's largest maker of mobile phones said the decision to close its production plant in Bochum, Germany, by mid-2008 was based on its lack of competitiveness. It stressed the move was "tough" but "necessary" to secure Nokia's long-term position.

Bad for Germany, good for Romania? Will Dan soon be working at Nokia?

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