Microsoft to cut 9,000 Nokia Jobs in China

Microsoft Corp. MSFT, -0.23% plans to shut two mobile-handset manufacturing plants in China formerly run by Nokia Corp., cutting about 9,000 jobs in total, various reports said Thursday. Microsoft, which bought Nokia’s handset business last April, scheduled the closure of the plants — located in Beijing and the southeastern city of Dongguan — earlier this month and plans to ship some of the manufacturing equipment there to Vietnam, according to a report in the government-run Beijing Youth Daily.

It quoted an unidentified Microsoft China executive as saying the closures and transfer of production capacity to Vietnam would likely be completed by the end of March. The layoffs are part of an estimated 18,000 job cuts which Microsoft announced in the wake of its purchase of the Nokia unit for $7.2 billion.

Source: MarketWatch