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

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.


Nokia will lay off up to 6,000 next week

Posted: April 16th, 2011 | Author: | Filed under: By Location | Tags: , , , | No Comments »

TechEye has heard that Nokia is going to fire up to 6,000 people as soon as next week.

An industry source tells us the lay-offs will mainly be in Nokia’s home country, Finland.


Rumor: MicroSoft Cutting Jobs

Posted: December 22nd, 2008 | Author: | Filed under: Recession News | Tags: | No Comments »

Has Microsoft struck by recession? Mini Microsoft Blog speculates M$ cutting at least 54 jobs from product groups and 10% of its fiance department. But these are all rumors, unless proven otherwise.

The D-Day is supposed to be January 15, so you can have your X-mas and new year’s eve in peace.