• Nokia cutting phone production

    Wednesday, February 11th, 2009

    Matt is currently working as a writer for TechCrunch. Matt Burns is a family man first and attempts to be a writer second. Born and raised in the heart of the automotive world, only cars eclipse his love of gadgets. He previously wrote for Engadget and EngadgetHD before moving into the party house that is TechCrunch. He learned the retail... → Learn More

    nokia_hqAnd there goes the mobile cell phone market. Nokia is slowing the Finnish production elves ahead of financial loss. It seems that the company isn’t in dire trouble, but is taking a responsible stance and cutting before things hit the fan in the form of 0.08 Euro expected loss per share. And so Nokia is laying off 20 to 30 percent of the main assembly facility on a rotational basis which sounds like some folks are getting an impromptu vacation. Summer’s coming anyway. It will be nice. Sunshine will replace a paycheck.

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