Nokia (NOK) on Friday confirmed the imminent closure of its last factory in Finland. Though there have been some bright spots for Nokia, the struggling smartphone maker reported its third consecutive billion-dollar loss in the second quarter this year, highlighting just how difficult is has become for vendors to thrive in a market dominated by just two companies. As part of Nokia’s continuing efforts to cut costs, the company on Friday told Yle that its last Finnish factory in Salo, Finland will close this fall. 780 workers will lose their jobs as a result, finding themselves among the 10,000 employees Nokia will lay off by the end of 2013.
Nokia confirms closure of final Finnish factory
Updated Dec 19th, 2018 8:30PM EST
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Zach Epstein has been the Executive Editor at BGR for more than 15 years. He manages BGR’s editorial team and ensures that best practices are adhered to. He also oversees the Ecommerce team and directs the daily flow of all content. Zach first joined BGR in 2007 as a Staff Writer covering business, technology, and entertainment.
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