Nokia plans to cut 4,000 jobs as it moves manufacturing to Asia, the ailing mobile-phone company said today.
The cuts will take place this year at factories in Komarom, Hungary, Reynosa, Mexico and Salo, Finland, though the factories will continue some work.
"Shifting device assembly to Asia is targeted at improving our time to market. By working more closely with our suppliers, we believe that we will be able to introduce innovations into the market more quickly and ultimately be more competitive," Niklas Savander, Nokia's executive vice president of markets, said in a statement.
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