Nokia Plans to Cut 4 000 Jobs Throughout the Year

Nokia is planning to cut 4 000 jobs throughout the course of this year.

The cuts will be affecting the factories in Salo Finland, Komarom Hungary, and Reynosa Mexico. The factories originally focused on device assembly but will instead be focusing on smartphone customization. The device assembly will be moved to Asia. “Asia is where the majority of component suppliers are based,” Nokia says.

The 4 000 jobs will be cut throughout this year.

Nokia's lost $1.4 billion in the fourth quarter. The revenue dropped 21% from last years fourth quarter revenue.

The company did the same thing in April 2011 when they cut another 4 000 jobs.

Nokia struggles to keep profits positive. Will Nokia be able to get through the hard times?