Nokia Completes Talks on Planned Job Cuts

Nokia Corp., the world’s largest handset maker by shipments, said Thursday it has completed negotiations with its labor unions over jobs cuts at its Salo plant in Finland.

The cuts are part of a plan announced last month to cut about 4,000 jobs at smartphone manufacturing plants at Salo, Reynosa in Mexico and Komarom in Hungary, in a push to move device assembly closer to components suppliers in Asia.

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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work