Nokia, the largest handset maker in the world, is cutting jobs at one plant and closing down at least one R&D site, as demand for cell phones plummets amid the worldwide recession.
The Finnish company said Wednesday that it will cut production at a key plant in Salo, Finland. It also plans to temporarily lay off about 20 percent to 30 percent of the plant's 2,500 employees on a rotational basis. All workers at the plant will be affected as groups rotate through the temporary layoffs.
Nokia also plans to shut down one R&D … Read more