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Nokia cuts 4,000 jobs, shifts manufacturing to Asia

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Nokia expects to lay-off around 4,000 employees as the ailing company plans to move its manufacturing operations to Asia.

Nokia announced today its plans to move its manufacturing operations to Asia in a bid to cut costs and bring the smartphone building process closer to the component suppliers.

Nokia lost its edge by failing to keep up with the iPhone and Android demand.

Read more: zdnet.com

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