Over the last few months, Nokia has closed scaled back several of its Western factories and shed over 3,000 employees in a recent effort to cut costs. The Finnish handset maker will shift its manufacturing business to Asia and is planning to build a plant in Vietnam, a move that is expected to cost some $300 million according to Vietnamese news organization BaoMoi. “Shifting device assembly to Asia is targeted at improving our time to market. By working more closely with our suppliers, we believe that we will be able to introduce innovations into the market more quickly and ultimately be more competitive,” Nokia EVP of Markets Niklas Savander previously said. The company will reportedly hold a press conference to officially announce the project on April 23rd. The plant could create as many as 10,000 new jobs and is expected to produce 45 million handsets by the end of 2014.
Nokia to announce its first manufacturing plant in Vietnam on April 23rd
Updated Dec 19th, 2018 8:23PM EST
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Dan joins the BGR team as the Android Editor, covering all things relating to Google’s premiere operating system. His work has appeared on Fox News, Fox Business and Yahoo News, among other publications. When he isn’t testing the latest devices or apps, he can be found enjoying the sights and sounds of New York City.
