Nokia to slash 4,000 more jobs in Finland, Mexico and Hungary
Nokia also said that it is increasingly moving cellphone assembly from Europe to Asia where the majority of component suppliers are based

As part of cost cutting measures in the face of stiff competition in smartphone market Nokia has decided to cut 4,000 jobs in Finland, Mexico and Hungary


The layoffs are part of more than 7,000 global layoffs the Finnish company announced last year.

Nokia said Wednesday that it is increasingly moving cellphone assembly from Europe to Asia where the majority of component suppliers are based.

The layoffs are expected to completed by the end of 2012.

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