15.01.2008 23:51 Uhr, Quelle: Engadget

Nokia closing German plant, slashing up to 2,300 jobs

Filed under: CellphonesDespite some encouraging financials out of Espoo as of late, Nokia is looking to cut costs and slim down in its effort to keep its paws firmly around the coveted title of number one cellphone manufacturer in the world. Its Bochum, Germany plant bears the brunt of this round of belt tightening, which will be closed by mid-2008; all told, a total of 2,300 jobs may be cut in the process. Nokia is smack in the middle of migrating some of its production capabilities to cheaper countries, with a Romanian plant -- which costs one-tenth

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