In order to increase the Nokia’s competitiveness in the mobile device market, they have announced to transfer production to factories in Asia. About 4,000 jobs from its factories in Hungary, Mexico, and Finland will be cut through the end of 2012.
“Shifting device assembly to Asia is targeted at improving our time to market. By working more closely with our suppliers, we believe that we will be able to introduce innovations into the market more quickly and ultimately be more competitive,” said Niklas Savander, Nokia executive vice president, Markets. “We recognize the planned changes are difficult for our employees and we are committed to supporting our personnel and their local communities during the transition.”
According to the press release, Nokia will offer a comprehensive support program, including financial support and assistance with re-employment. You may also want to read this excellent article from the New York Times explaining why many tech companies are moving their manufacturing solutions to Asia.