Nokia Will Cut 4,000 Jobs In Shifting Phone Production.

BERLIN -- Nokia, the biggest maker of mobile phones by volume, said Wednesday that it would eliminate 4,000 manufacturing jobs, or 7 percent of its global work force, as it moved to streamline operations and save money from its production of smartphones. The company said the cuts would be made at three Nokia factories -- in Komarom, Hungary; Reynosa, Mexico; and Salo, Finland -- as it transferred the assembly of smartphones to factories in Asia, which are closer to component makers. [ABSTRACT FROM AUTHOR]