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Latest Nokia Shifting Handset Manufacturing Stories

Nokia Shifting Handset Manufacturing To Asia
2012-02-08 10:54:04

Mobile handset maker Nokia plans to eliminate 4,000 manufacturing jobs in Hungary and Mexico, along with positions in its oldest factory, in Finland, as it shifts manufacturing to Asia, its largest market, reports Diana ben-Aaron for Bloomberg. The cuts of 8 percent of the phone business workforce bring total planned job cuts at the group under Chief Executive Stephen Elop to more than 30,000. Finland-based Nokia said most of the company´s existing production will move to existing...


Word of the Day
barratry
  • The offense of persistently instigating lawsuits, typically groundless ones.
  • An unlawful breach of duty on the part of a ship's master or crew resulting in injury to the ship's owner.
  • Sale or purchase of positions in church or state.
This word ultimately comes from the Old French word 'barater,' to cheat.
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