Major Nokia supplier to let 5,000 workers go, Sony to shed 16,000 workers

Laird PLC, a major supplier for Nokia, is planning to layoff 5,000 jobs in US and Europe, and plans to transfer production to China and Mexico. From layoff blog. Laird press release here.

Business week reports that Sony (owner of Ericsson) will lose 8,000 of its workers (about 4% of its workforce) in an effort to reduce operating costs, and not renew contracts of another 8,000 employees. Original article here.

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