Finland based telecommunications and consumer electronics company Nokia has cut 250 jobs at its site in Naperville, United States, and it is speculated that another 250 workers will lose their positions, a report by Crain’s Chicago Business said late on Monday.
A Nokia spokesman confirmed to New York Times that jobs had been cut as part of the firm’s global cost-savings plan, but declined to disclose numbers.
Nokia is looking to save 1.2 billion euros (£1.06 billion) annually by the end of this year following the 2016 acquisition of its former Franco-American rival Alcatel-Lucent.
“As part of that program, we have indeed reduced headcount in Illinois. The scope of the reductions and the current headcount in Illinois are not being shared,” the spokesman said to NYT by email.
The firm has also not given a target number for total global job losses but unions have estimated that 10,000-15,000 positions could be at risk.
Nokia employed around 103,000 people globally at the end of 2017.
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