Veli Sundbäck, Executive Vice President of Nokia and Chairman of the Supervisory Board of Nokia GmbH said, “The planned closure of the Bochum production site is necessary to secure Nokia’s long-term competitiveness. Due to market changes and increasing requirements for cost-effectiveness, production of mobile devices in Germany is no longer feasible for Nokia. It cannot be operated in a way that meets the requirements for global cost efficiency and for flexible capacity growth. Therefore we have to make this tough decision”.
Incidentally, Nokia’s new plant in Jucu, Romania will be operational this year. Nokia it seems is looking for more such locations across Europe.
[Via:Nokia Press Release]