Nokia starts to sink, 10,000 Jobs Cut

[OverDone]

Source: ZDNET

Nokia will lay off 10,000 jobs worldwide by the end of 2013, the Finnish phone giant said on Thursday.

Phone-making plants and research and development will also take a hit, including centers in Ulm, Germany and Burnaby, Canada. A manufacturing plant in Salo, Finland will close but its R&D efforts will remain there.



Read more: http://www.zdnet.com/blog/btl/nokia-starts-to-sink-10000-jobs-cut/79918

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From reading the article, its looks like this is an additional 10,000 on tops of what was already talked about months ago.
Like always, big numbers like this makes you wonder how the recovery is really going

More data if you want
http://www.dailyjobcuts.com

[Sherman A1]

1. This does not bode well

not at all.

[OverDone]

2. No one likes it

Nokia was my first phone and several others. One of the best things i ever owned.

[onehandle]

3. Blackberry and Nokia will not exist in three years. nt

[DCBob]

4. Im sure this is more to do with the dire situation in Europe than the US recovery.

The question is how much the mess in Europe will affect us here in the US.

[dipsydoodle]

7. Given that "the mess in Europe"

goes back more or less to the late 2007 financial collapse as a result of the antics US financial institutions I don't think Europe will be too bothered about how things mirror back to the USA now. Having said that if the Euro does go pear shaped and the US$ strengthens as result then exports from Europe , other than maybe Germany , to the US would most likely increase. I excluded Germany because if they recreated the Mark it is thought that would become a reserve currency of current unknown strength.

On the subject of Nokia the job losses are as a result of reduced sales activity. Either their products are uncompetitive or not state of art like iPhones and Galaxys as some seem to want.

[Beacool]

12. US Recovery????

What recovery?

[DCBob]

17. only 4 questions marks????????

[Beacool]

18. Well, I was trying to be understated.

[nanabugg]

5. The "recovery " where? This is not in the US. nt

[OverDone]

6. We use Nokia too

There is alot overseas, but you got to think we use Nokia over here. So it kinda trickles down.

[DaveJ]

8. I wonder if a bit more creativity might have help

"Ugh, We make phones. No phone sales. We fire." Obviously everyone's using Android and Apple now, so they should adjust their business model. There are lots of other technologies out there to pursue, but I guess that would be to haaard.

[Submariner]

9. Nokia just came out with the Windows smart phone

which may save them. I've always had Nokia phones, and just got the Lumia 900 model which has been a great device.

[OverDone]

10. There is no battle Between

Apple and Samsung. Samsung makes like 4 or 5 chips for the Apple iphone.
So in the end they are all connected, they just decide who they want in the game.

[iamthebandfanman]

11. i was afraid this would happen..

ive always loved nokia and their products, but you could tell the last 5 years that they were clearly on the decline...
not as many products offered as other makers and it seemed to me a lack of love from the providers to push their products as well...

was really surprised when i saw the new nokia commercials this year..

[DFW]

13. They used a "grass is always greener" philosophy

In the Ruhr area of Germany, Nokia had an immense plant. It got too expensive for them, so they closed it up, fired the thousands of German workers, and rebuilt their plant in Romania. The Romanians did horrible work and produced such lousy phones that over a third of them were defective and unsaleable. But did they reopen in Germany? No. They closed Romania and rebuilt in China. If the cost factor was a genuine problem, the unions in Germany would have negotiated if they knew it would have meant saving their jobs. Nokia went for the big savings instead, and fell flat on their Finnish faces.

[Laelth]

16. Truth. n/t

-Laelth

[Baitball Blogger]

14. What does this mean to the competition, like IPhone?

Or is the point that the market has peaked?

[OverDone]

15. 2 big players

Either you have a Samsung or an Iphone. Thats what I pretty much think it comes down to.

The reason you must have 2 is so the little guy feels like he has choices.