Recession: Nokia cuts production
February 12th, 2009 by Annkur
No this news doesn’t make me feel any better but I really hope my service provider considers my good track record to grant me some more credit 
While the world crossed 4 billion cellphone connections this week the recession is sinking in. Forcing layoffs and production cuts. Nokia has officially announced that its Salo plant in Finland would see a slowdown that will affect all its 2500 workers. It is expected that 20 -30% of Nokia’s workforce there would be idle at any point of time.
Analysts expect handset market volumes to fall some 18 percent in the January-March quarter, while Nokia is expected to report its weakest quarterly earnings in more than seven years, a Reuters poll showed on Wednesday.
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Categories: Tech Industry News, nokia | Tags: market, mobile, mobile industry, nokia, production, recession, recession effect
[...] has had its toll on Nokia for some time now. With layoffs and production cuts being a common term industry wide; Nokia has apparently canceled all manufacturing jobs outsourced [...]