Page 185 - Ericsson News Today

The Finnish telecoms giant has revealed plans to cut between 9,000 and 14,000 jobs due to slowing demand for 5G equipment in certain markets.

Nokia said its goal with the restructuring is to lower its cost base by between 800 million euros and 1.2 billion euros by the end of 2026,...

Finnish telecom giant Nokia said it had to "address the challenging market environment" as economic volatility and interest rates pinch spending.

Nokia Oyj plans to cut as many as 14,000 jobs, or 16 percent of its workforce, as a dearth of investment in fifth-generation mobile infrastructure forces it to take cost-cutting measures. The move is expected to save as much as €400 million ($421 million) next year and an additional €300 million in 2025, the Espoo,

The telecom giant said it will embark on a host of cost-cutting measures over the next three years, which includes a workforce reduction plan.

UAE operator e& sealed a deal with Ericsson to bolster its mobile money services by deploying the vendor’s platform.

Nokia announced that it would lay off up to 14,000 workers worldwide due to weak sales. (Photo : JUSSI NUKARI/Lehtikuva/AFP via Getty Images) A photo taken on October 19, 2023, shows the headquarters of Finnish telecom company Nokia in Espoo, Finland.

The Finnish company, one of the worlds main suppliers of high-speed 5G wireless networks, said its trying...

Telecoms giant Nokia has said it plans to cut up to 14,000 jobs by the end of 2026 in a bid to sharply reduce costs.

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