Nokia to carry out 4,000 job cuts

Finnish mobile phone maker Nokia announced the details of 4,000 job losses on Wednesday at plants in Hungary, Mexico and Finland.
The company said the plants would remain open and refocus on customising phones whilst the actual assembly would move to South Korea and China.
The cuts are planned to be complete by the end of the year.
Nokia said the move is aimed at placing its production closer to its component suppliers who are also based in Asia.
The cuts come two weeks after the Finnish firm posted a 1.08bn euro ($1.4bn; £905m) loss for the three months to the end of December 2011.
Nokia reported that its net sales fell 21% on a year earlier to 10bn euros and net sales of its mobile phones were down by a quarter. (BBC News)