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 crash causes RF Micro layoffs 80

Posted: July 31st, 2011 | Author: | Filed under: By Location, USA | Tags: , | No Comments »

RF Micro Devices will cut about 80 people from its worldwide work force, with most of the impact hitting in Greensboro, we heard this afternoon from Jerry Neal, the company’s executive vice president. They had employed around 1,450 people locally.


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.