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Nokia to Cut up to 10,000 Jobs Over Next Two Years

Nokia to Cut up to 10,000 Jobs Over Next Two Years
March 17, 2021
Updated: March 17, 2021
STOCKHOLM—Nokia on Tuesday announced plans to cut up to 10,000 jobs within two years to trim costs and invest more in research capabilities, as the Finnish telecoms group seeks to step up its challenge to Sweden’s Ericsson and China’s Huawei.
After taking over the top job last year, Chief Executive Pekka Lundmark has been making changes to recover from product missteps under the company’s previous management that hurt its 5G ambitions and dragged on its shares.
He announced a new strategy in October, under which Nokia will have four business groups and said the company would “do whatever it takes” to take the lead in 5G, as it banks on also capturing share from Huawei.

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Nokia to slash 10,000 jobs over next two years to trim costs

Nokia expects the restructuring to lower the its cost base by about 600 million euros by the end of 2023. Half of the savings are expected to be realised in 2021

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Nokia to cut up to 10,000 jobs over next two years - Netscape Money & Business

Nokia to cut up to 10,000 jobs over next two years - Netscape Money & Business
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Nokia to cut up to 10,000 jobs over next two years

Nokia to cut up to 10,000 jobs over next two years
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Nokia to cut up to 10,000 jobs over next two years

Nokia to cut up to 10,000 jobs over next two years
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Noika 5.4 Price in India, Launch Date, Specifications, Features

Noika 5.4 Price in India, Launch Date, Specifications, Features
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Upcoming Smartphone In India 2021; Nokia 5.4, Nokia 3.4, Infinix Smart 5, Redmi K40 Pro Expected Launch Date | આ અઠવાડિયે લોન્ચ થઈ શકે છે શાઓમી, નોકિયા અને ઈન્ફિનિક્સના આ 5 ફોન, જાણો લોન્ચિંગ ડેટ અને ફીચર્સ સહિતની ડિટેલ

Upcoming Smartphone In India 2021; Nokia 5.4, Nokia 3.4, Infinix Smart 5, Redmi K40 Pro Expected Launch Date | આ અઠવાડિયે લોન્ચ થઈ શકે છે શાઓમી, નોકિયા અને ઈન્ફિનિક્સના આ 5 ફોન, જાણો લોન્ચિંગ ડેટ અને ફીચર્સ સહિતની ડિટેલ
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