: :inin Kyiv (EET)

Microsoft has crushed the economic hopes of Finland’s Salo as it closes its Nokia plant and jeopardises 1,100 jobs


HELSINKI (Reuters) – When U.S. software giant Microsoft bought Nokia’s struggling mobile phone business last year, the inhabitants of Salo – a town of 54,000 in southern Finland – thought the move would revive the local economy. But their hopes were crushed last week when Microsoft announced it would close Nokia’s former product development unit in the town, putting all 1,100 jobs at risk. Last year the U.S. company had said it could hire more staff in Salo. The decline of Finland’s electronics industry as Nokia lost competitiveness against peers Apple and Samsung, along with falling global demand for paper …read more

Source: Business Insider

World press about Ukraine

World press about Ukraine

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