Once the largest cellphone producer in the entire world, Nokia is ready to cut down 3500 jobs. They are closing down the Romania factory they opened 4 years ago to cut down 2200 jobs, along with 1300 more at its commerce business sector.
Nokia is going over a huge reconstruction right now, and job cuts are necessary if the company wants to stay competitive with Apple and Samsung. Personally I am a huge fan of Nokia. Their phones are intellegent, durable and reliable. However since the introduction of the iPhone, their traditional keypad cellphones waned and began to decline. They did not have a good business technology management and lacked behind their competitors in the touchscreen market. Just like Kodak, they did not catch on to the rest of the industry.
Right now Nokia is thinking of cooperating with Microsoft and their Windows Mobile operating system, which is a good idea for them. This way Nokia only needs to focus on the hardware side (which they are good at), and leave the systems to Microsoft (who is always “trendy” in technology). The electronics industry is a fast and ferocious battlefield, Nokia and Kodak are victims of bad business technology management.