Nokia to Cut 4,000 Jobs in Europe and the Americas - Good News for the Asian Workers????

Nokia - a Finnish leading phonemaker whose products have become an important part of the lives of people around the globe is set to cut about 4,000 jobs at its smartphone manufacturing bases in Europe and the Americas through the end of 2012.

The cut in its workforce does not gain more access to additional work in Asia because Nokia has no plans to hire additional workers under its aggressive transfer. The Finnish company just simply transferred its assembly work in South Korea and Beijing in China.

The factories in Finland, Hungary and Mexico are the ones affected. However, these factories are still in operation but only for smartphone customization intended for regional markets following assembly in Asia.