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Nokia plans no layoffs at base in Hungary

Finnish handset maker Nokia will not make layoffs at its base in Hungary, Nokia Magyarország communications director Anna Simai told MTI on Saturday.

Nokia CEO Stephen Elop said in an interview at the weekend that the company planned “very substantial reductions” in operating expenses, including from layoffs.

Yrjo Eskola, who heads Nokia's plant in the Hungarian city of Komárom, said the parent company's new strategy would not directly affect the plant's strategy. Production at the plant will continue as usual, he added.

Data from January 2009 show Nokia employed about 6,000 people in Hungary, including 5,500 at the plant in Komárom. (MTI-Econews)