Nokia to eliminate 4000 jobs

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Source: Bloomberg
Nokia Oyi, one of biggest cell phones manufacturer which sales are concentrated in Asia, announced it will eliminate about 1000 jobs in Finland, 2300 in Hungary and 700 in Mexico as company wants to concentrate its resources closer to suppliers in Asia. The company plans to transfer its device assembly to Asian plants where the component suppliers are located. 
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Wed, 08 Feb 2012 14:40:15 GMT

FTSE declines on ECB decision to hold off helping Greece

UK FTSE 100 Index opened higher on Wednesday, supported by mining and energy stocks as developments Greece spurred hopes the country might avoid default. Rio Tinto PLC surged 1.4%, Fresnillo PLC added 0.2% and Kazakhmys PLC gained 2%. On the downside BHP Billiton PLC lost 1.2% after reporting a drop in its profit. During the session FTSE 100 climbed 0.1%

Wed, 08 Feb 2012 13:17:00 GMT

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