Nokia, a Finnish company, closes plant in Germany to move to Romania with predictable economic consequences for both. The twist is that it's a German construction company that built the site in Romania, having competed against its Finnish and Romanian rivals ...Nokia invested in 2008, havingbeen promised infrastructure to support its operations.
Three years later, in 2011, Nokia has decided to pull out of Romania. Its main markets are in India and China, so producing in Europe does not make economic sense. Here is the video showing the consequences for the region.
Video.
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