Daily Recession covers the world as it goes into recession. The financial crisis, stock market crash, bankruptcies, job cuts, and the turmoil that follows.

Stora Enso to cut 240 jobs

Posted: February 11th, 2012 | Author: | Filed under: By Location, Finland, France, Germany, Sweden | Tags: , | No Comments »

Forest industry giant Stora Enso announced 240 job cuts from its mills in Finland, Sweden, France and Germany.

Some 40 jobs are to go at its Veitsiluoto Mill in the northern Finnish town of Kemi although a sizable machine investment has also been unveiled.


Nokia plans 4000 Job Cuts

Posted: February 9th, 2012 | Author: | Filed under: By Location, Finland, Hungary, Mexico | Tags: , , | No Comments »

Nokia Oyj will eliminate 4,000 jobs including at its oldest factory in Finland as it shifts mobile- phone manufacturing to Asia, its largest market.

Handset production will end in Hungary, Mexico and Finland, where the plants will focus on final adjustments to finished phones, Espoo, Finland-based Nokia said today. Most of the production will move to existing factories in Beijing and Masan, South Korea.