Nokia to cut thousands of jobs

Nokia to cut thousands of jobs

Telecom network equipment maker Nokia planning to cut thousands of jobs across global locations which include 1,400 in Germany and 1,300 in its native Finland, as part of a cost-cutting program following its acquisition of Alcatel-Lucent. Nokia is looking to reduce operational costs by 900 million euros ($1.03 billion) by 2018 after its recent 15.6 billion euro ($17.7 billion) all-share deal for Franco-American rival Alcatel-Lucent. The company employs about 104,000 worldwide, with around 6,850 in Finland, 4,800 in Germany and 4,200 in France.

Post Comment