Nokia to cut up to 14,000 jobs after sales drop a fifth
STOCKHOLM/HELSINKI (Reuters) -Finnish telecom gear group Nokia will cut up to 14,000 jobs to reduce costs, it said on Thursday, after weaker demand for next-generation 5G equipment lowered third-quarter sales by a fifth, adding it did not expect a market recovery soon. As demand has slowed in countries such as the United States, Nokia and rival Ericsson have tried to offset some of the weakness with higher sales to India, a low-margin market. "The market situation is really challenging and it is witnessed by the fact that in our most important market, which is the North American market,...