Nokia supplier Perlos ends Finland production, over 1,100 laid off
By Stefan Constantinescu on Sunday, March 11th, 2007 at 9:23 PM PST In Financial/Corporate News
Finnish company Perlos, which makes mobile phone casings for Nokia (NYSE: NOK), said on Monday it would end production with the loss of 1,132 jobs, as part of a bid to return to profitability."The company will discontinue all production operations in Finland, closing its two facilities in North Karelia by the autumn of 2007 at the latest," the group said in a statement.
Perlos said it would "also cut overlapping functions in the organisation, which will lead to personnel reductions in other functions in Finland as well," where it employs a further 200 employees.
Perlos has been hit by falling demand from Nokia, traditionally its most important customer, and fierce competition from Asian competitors. The group has said it intends to make savings of 100 million euros (130 million dollars) a year from 2007.
I understand one can make things in Asia for cheaper, but what about the people at home in Finland? What will they do now? They depended on you for not only mobile phones, but jobs.
You have reinvent and justify your place over and over again. As a company and as a employee. This is capitalism after all, money talks. I think at Perlos they still did manual assembly or other labour heavy jobs at the factory. No way, that can be economically feasible in Finland.
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