NOKIA MOBILE PLANT CLOSED IN INDIA...BYE BYE NOKIA......

Nokia, once an iconic mobile handset maker, is shutting down its India plant Saturday at Sriperumbudur near Chennai, a company spokesperson said on Friday.Once a dominant player in the burgeoning mobile phones segment across India, with over 80 percent market share, Nokia lost out to rivals like Samsung, Apple, Sony and Panasonic in the next-generation handsets, popularly known as smart-phones over the last couple of years.Now microsoft will takeover the assets of nokia.

Global software major Microsoft, which acquired the Finland-based Nokia's global devices and services business, including assets in India for $7.2 billion (Rs. 44,265 crores approximately) April 25, decided to suspend manufacturing handsets from its Chennai plant though it could not take possession of it due to legal battles over a tax notice from the Tamil Nadu government and the Supreme Court in March."We can confirm that constructive discussions with union representatives and the labour commissioner have resulted in an agreement on a financial package for Chennai factory personnel," the spokesperson said in a statement a day after a tripartite meeting here between company officials, union members and the top labour officer.
At the time of closing down the operations, about 1,100 employees were working in the plant, including 900 on the assembly lines.
Nokia, as it exists today, is now barred from using the Nokia brand on any mobile devices at all until December 31st, 2015. Any future Windows Phones built by Microsoft will now be Microsoft-branded.

Nokia and Microsoft have confirmed the close, but Microsoft has not yet provided any details on the full plan for how it's going to handle the integration of Nokia yet. Stephen Elop plans to answer questions on Monday, but for now he says Nokia's phone business has to "not only evolve to fit into Microsoft in general, but into an evolving Microsoft." Skype's integration into Microsoft was, and still is, a rather a slow process that has kept it largely separate from the software maker. Hopefully the collaboration means improved Windows Phone software and hardware in the future, something that Nokia and Microsoft had been working on together as separate companies until now. Whatever the deal brings, a big part of Microsoft's "mobile first" strategy is focused on Nokia's assets. Microsoft can't afford to be slow with its latest acquisition and risk Windows Phone's growth and sales numbers. Nokia might be over as a phone manufacturer, but Microsoft Mobile lives on and Windows Phone's future relies on it.

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