Nokia to Cut 4,000 Jobs

By BS Unnikrishnan: Subscribe to BS's

February 8, 2012 3:39 AM EST

Nokia is preparing for a massive jobs cull.

The Finnish mobile phone giant said in a statement on Wednesday that nearly 4,000 jobs would be axed at its units in Hungary, Mexico and Finland. The firm is planning to move its smartphone assembly work to Asia, a Reuters report added.

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The struggling firm announced the closure of its Romania unit last year. The units where the currents cuts are planned were being monitored for some time to assess their sustainability.

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