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

STOCKHOLM (Reuters) – Finnish telecoms group Nokia said on Tuesday it plans to cut between 5,000 and 10,000 jobs within the next two years to trim costs and invest more in research capabilities.

It said in a statement it expects about 600 million euros ($715 million) to 700 million euros of restructuring and associated charges by 2023.

(Reporting by Supantha Mukherjee; editing by Niklas Pollard)

Read the original article on Business Insider

Powered by WPeMatico

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Most Popular

To Top