Nokia 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, according to Reuters report. After taking over the top job last year, Chief Executive Pekka Lundmark has…
Finnish telecom equipment maker Nokia is reportedly planning to lay off about 1,233 jobs at its French subsidiary Alcatel-Lucent International. The move is expected to affect a third of the company’s workforce. The recent announcement from the 5G equipment maker comes in the wake of Europe’s transitioning to the 5G networks for mobile internet. The…
Nokia, has announced a series of measures aimed at bringing better business focus, ensuring operational efficiencies and getting back to profitability. It has also announced the revamp of its leadership team. As a result of the planned changes announced today, Nokia plans to reduce up to 10,000 positions globally by the end of 2013. Towards…