Finnish telecommunications company
Nokia plans to lay off 800 people in Texas as it transfers some
cell phone production to South Korea and Mexico, the company said
The jobs will be phased out at its two plants in northern Texas
over the next five months, in a move to further shift growing
production for the Americas region to its factories in Mexico,
Brazil and South Korea, Nokia said.
Nokia currently employs about 5,500 in the Dallas-Ft. Worth
On Tuesday, Nokia, the world's largest cell phone maker, warned
it first quarter sales growth would be 25 percent to 30 percent,
slower than expected.
Nokia's chief executive Jorma Ollila said the slowdown was
caused by a downturn in the economy of Nokia's largest market, the
United States. But he was optimistic about the second half of the
year and expected increasing growth in 2002 and 2003.
Nokia also lowered its expectations for overall growth in the
global mobile phone market this year, from 550 million to between
500 million and 550 million units.
Nokia has sales in 130 countries and 60,000 employees. Last
year, it sold 128 million handsets, 64 percent more than in 1999.