Recession hits Nokia too

Well the last fiscal quarter was really brutal and in a sense really thrashed almost every company man kind knew left right. Nokia too suffered a slight loss in its marginal sales and its percentage hold in the world market share. Even then it managed to sell a million plus Nokia 5800 and also launch a hugely innovative sales campaign for it. But then it is closing its (Jyvaskyla) Jyväskylä site and scaling back at its Salo production facility (pictured).

All details of temporary lay offs and rotational lay offs as usual to all such lock ups are going and taking their rounds but lets just leave them right there. Poor Nokia, what can they do!!!