Nokia moves from Vienna

Nokia, the Finnish telecommunications company, has announced that it is moving its central European headquarters from Vienna to Budapest.

At present the Vienna office controls operations in Switzerland, Austria, the Balkans, Albania and Greece and employs about 60 people, some of whom are expected to move to Hungary.

Nokia announced earlier this year that it was cutting 4,000 factory jobs in Finland, Hungary and Mexico and moving more production of its smartphones to Asia. About 2,300 of its 4,400 jobs at the Komaron plant in Hungary are expected to go.