9 Feb 2012

More jobs cut by Nokia

10:00 am on 9 February 2012

Finnish mobile phone maker Nokia is axing 4000 more jobs to cut costs as it continues to struggle with sales of its smartphones.

Nokia says the cuts will be at factories in Finland, Hungary and Mexico, and assembly will move to South Korea and China to be closer to most of its component suppliers.

The BBC reports the company has shed more than 14,000 jobs since September 2010. It was formerly the world's largest maker of mobile phones.

Nokia posted a loss of 1.08 billion euro ($US1.4 billion) two weeks ago for the three months to the end of December 2011. Net sales of its mobile phones were down by a quarter.