German job losses as Nokia plant closes

Around 2,300 staff will lose their jobs following Nokia's decision to discontinue the production of mobile devices at its Bochum site in Germany. The main reason behind the decision is the high cost of production in Germany and Nokia plans to move its manufacturing operation to more competitive locations, probably in Romania. The Bochum site will close by mid-2008. Other non-production activities at Bochum will also be discontinued with the line fit automotive business and adaptation software R&D entity being sold. Nokia will start consultations with the employee representatives as soon as possible in order to reach a satisfactory solution for all parties concerned.

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