Nokia Layoffs for 4000, Nokia shut down hardware production in Europe and Mexico
Nokia announced that it will lay off 4000 employees in Finland, Hungary and Mexico plants , which would mean that the Nokia phones will be assembled in mainland China and South Korea plant , plant in Europe will be reserved for research and development ” high-value activities.”
Other aspects of the Nokia plant in Brazil will remain the operation of the plant production activities of the software .
Industry insiders estimate that Nokia ’s job cuts will continue .
Alcatel-Lucent layoffs: Alcatel-Lucent plans to lay off 1,800 workers in Europe
According to foreign media reports , an EU official said that Alcatel-Lucent plans to lay off and redeploy the original outsourcing jobs to cut up to 1,800 people in Europe , which France will lay off about 450 people, in Italy reduction of the same number of staff , and the rest are scattered all over Europe .
Pepsi layoff: Pepsi issued a profit warning lay off 8700 people
Pepsi ( Pepsi Co. ) issued a profit warning, this year ’s earnings per share is expected to decline 5% , and therefore the company plans the global reduction of 8700 jobs to compensate for rising raw material costs , layoffs for three percent of the number of accounting for the company’s overall staff . The company intends to increase marketing in North America and advertising expenses. the company also cut expenditure further , by 2014 an additional cost-cutting double to $ 3 billion . Pepsi quarter revenue rose 11 percent year-on-year to 20.16 billion U.S. dollars , win market expectations ; profit growth of 4% to $ 1.42 billion .
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