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Mobile sales decline prompts UK firm to cut 40% of staff
Scottish electronics maker Laird has announced that it is to cut 5,000 jobs - around 40% of its workforce - as it gears up for a double digit decline in global mobile phone handset sales.
Laird is the global market leader of cellular antenna for mobile phones and its customers include Nokia, SonyEricsson and LG.
"Our planning assumption is that the global unit handset volumes will decline by 10%," said Laird chief executive Peter Hill
The mobile phone sector is facing its first serious decline, and companies such as Nokia have recently announced revised forecasts which predict less growth than previously forecast.
Post Date: December 17th, 2008
Laird is the global market leader of cellular antenna for mobile phones and its customers include Nokia, SonyEricsson and LG.
"Our planning assumption is that the global unit handset volumes will decline by 10%," said Laird chief executive Peter Hill
The mobile phone sector is facing its first serious decline, and companies such as Nokia have recently announced revised forecasts which predict less growth than previously forecast.
Post Date: December 17th, 2008
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