Their experiences have serious lessons for decision makers in many other industries.
Handset major Nokia, along with digital content provider Hungama.com, is readying a mobile application (app) that will bring music concerts to users' mobile devices.
"Nokia plans to reduce up to 10,000 positions globally by the end of 2013. Nokia is beginning the process of engaging with employee representatives in accordance with country-specific legal requirements," it said in a statement.
The facility is considered to be one of the largest manufacturing units of the handset major.
Handsets Major Nokia on Monday entered the dual sim handset market when it launched its first dual sim set- Nokia C1.
Putting to rest speculations over the price of its recently launched Mini booklet 3G, Finnish handset major Nokia on Wednesday said it will retail globally the personal computer at 575 euro (about Rs 40,000).
Global mobile handset major Nokia on Wednesday announced that it will set up a manufacturing facility for mobile devices at Chennai in India.
he company said that though Katama has decided to quit, he would play a consulting role for a 'fixed' period.
Union sources claimed production at the Chennai plant, considered one of the biggest for Nokia, had declined from 13 million handsets per month to four million per month.
The warning came after Nokia Chairman and interim chief executive officer Risto Siilasmaa met Commerce Minister Anand Sharma and tax authorities in a bid to resolve the Rs 21,153-crore (Rs 211.53 billion) liability it faces.
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