Wednesday, April 6, 2016

Nokia cuts 1,300 Jobs in Finland Following Alcatel-Lucent Deal

Nokia has begun cutting thousands (about 1,300) of jobs in its native Finland, following its acquisition of France's rival Alcatel-Lucent, the telecom network equipment maker said in a statement on Wednesday.

The Finnish telecoms equipment maker wants to save about €900m by 2018 in operating costs through combining its business with Alcatel, focusing on areas of overlap such as research and development, sales and corporate functions.

It's still unclear on the plans of Nokia on how many positions or how many jobs would be lost in total in other countries or globally.

>> Source:[Reuters]

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