Nokia Corp. (NOK) said it is planning to develop the operating mode of its Salo plant to ensure production is focused fully on the high-value smartphone market, especially in Europe. The company stated that the plans would result in the introduction of new and highly specialized manufacturing methods and also entail changes to personnel at the facility.
The planned new focus for Salo is expected to affect a maximum of 285 employees involved in production and in related support functions at Salo. Today, Nokia's Salo facility employs around 2 200 people, the company noted. In addition, Nokia intends to stop currently ongoing rotational temporary lay-offs at the Salo plant by the end of June 2010.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.