Finland's Wireless Fast Track Thanks in large measure to mobile handset pacesetter Nokia, this small nation, about the size of Montana with a population of some 5 million people, is where the rest of the world looks for wireless guidance. But so far no one is willing to put it together. Printer friendly version.
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The job cuts announced Tuesday are the latest to rock the slumping technology sector and are much larger than the 3,000 reductions that JDS had previously indicated it planned to make by the end of June. The company said it plans to consolidate manufacturing of several products, consolidate product lines and shift some manufacturing to plants in China. It also plans to close several operations but did not say where. The 5,000 job cuts match the number announced last week by Nortel Networks, one of JDS Uniphase's biggest customers. Get your MBizCentral news delivered by e-mail newsletters.