Nokia reduced its production and fire employees in 2009

4:17 AM Edited by Blony

. In response to falling demand for mobile phones worldwide and a disappointing last quarter of 2008, Nokia announced it will reduce production volumes of all its plants, in line with the market, and dismiss 400 employees spread over 2009. In addition to rotation suspended more than 2,500 employees at its plants in Finland.

All this action Nokia aims to reduce annual spending by about 700 million euros, according to some analysts the drop in sales in the first quarter of 2009 will be a decrease of 18% year after a fall of 12% verified the last quarter of 2008, which would result in a decrease of 30% in the turnover of the company, its operating profit fell 65% from a year ago.