Nokia Hungary Begins Job Cuts In Komárom

  • 30 Mar 2012 8:00 AM
Nokia Hungary Begins Job Cuts In Komárom
"Some 1,200 employees of Nokia received notices of dismissal yesterday, as the mobile-phone maker began the first wave of job cuts at its Komárom factory. The Finnish company announced layoffs of 2,300, roughly half of the Hungarian workforce, in February as it moves production of smart phones closer to suppliers and markets in Asia.

Of the 1,200 dismissed, 343 are Slovak citizens. The majority of workers losing their job lived in the Komárom region.

Employees will receive 8-10 months of salary as severance pay, union representatives said."

Source: Hungary Around the Clock

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