Nokia continues to cut Finnish jobs

Stefan Mileschin · 30th March 2018, 09:15

Still restructuring

The former maker of rubber boots, Nokia, has cut 353 jobs in its home market Finland due to a weak global network market and as part of its global cost-savings plan.

The figure is down from the company’s initial plan to reduce up to 425 jobs, but is still pretty grim. Under the finalised plan, 283 of the positions will be cut from the company’s mainstay networks business and 70 from its Technologies unit, which includes Nokia’s licensing operations and digital health business.

Globally, Nokia is looking to save $1.5 billion annually following its 2016 acquisition of Alcatel-Lucent and a weak network equipment market has encouraged it to step up measures.

Nokia currently employs 6,300 people in Finland and around 102,800 globally.

https://fudzilla.com/news/45926-noki...t-finnish-jobs

30th March 2018, 09:15	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 148,597	Nokia continues to cut Finnish jobs Still restructuring The former maker of rubber boots, Nokia, has cut 353 jobs in its home market Finland due to a weak global network market and as part of its global cost-savings plan. The figure is down from the company’s initial plan to reduce up to 425 jobs, but is still pretty grim. Under the finalised plan, 283 of the positions will be cut from the company’s mainstay networks business and 70 from its Technologies unit, which includes Nokia’s licensing operations and digital health business. Globally, Nokia is looking to save $1.5 billion annually following its 2016 acquisition of Alcatel-Lucent and a weak network equipment market has encouraged it to step up measures. Nokia currently employs 6,300 people in Finland and around 102,800 globally. https://fudzilla.com/news/45926-noki...t-finnish-jobs

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