Nokia 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.
Businesses are no longer viewing outsourcing as a cost-saving solution for non-mission-critical functions, such as…
The Tech Panda takes a look at recent launches in the superfast field of Artificial…
Artificial intelligence is often framed as a technology race defined by cutting-edge models, governance frameworks,…
The Tech Panda takes a look at recently launched gadgets & apps in the market.…
As Australia implemented a social media age restriction law requiring platforms like TikTok, Instagram, and…
The ePlane Company, Indian developer of electric Vertical Takeoff and Landing (eVTOL) aircraft, announced that…
