Nokia to cut thousands of jobs

Posted on 11th Apr 2016 | 18072 views

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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 to cut thousands of jobs

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.

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