Nokia moved 4000 jobs from Europe to Asia

It's the sign of the time, though not a particularly surprising one: Nokia finally decided to eliminate its European infrastructure and moving those 4000 jobs to Asia. The factories are not being shuttered altogether, and localizing and finishing work will still be done there, but the primary assembly work is being relocated.

The news were expected as the company has slashed thousands of job last year: but this cut is symbolic. the intensely European company has battered into submissions, and will join the others in the now-standard configurations of "design here, build there".

The job losses are 2300 in Hungary, 1000 in Finland, and 700 in Mexico. They don't represent all of Nokia's employs in those countries. Nokia did not announced where or to what contractors jobs would be sent, but considering their needs, major of them would be China, Taiwan, Thailand, and others. As they are the natural choice in the area.

The countries losing the jobs are disappointed, naturally. These job losses have been telegraphed for some time. Whether this approach will be proved effective for lowering the prices without damaging the company is yet to be seen.