The Extraordinary General Meeting (EGM) of Nokia Corporation will be held at Helsinki Ice Hall, Finland December 2, 2015. REUTERS/Vesa Moilanen/Lehtikuva
HELSINKI: Telecom network equipment maker Nokia is planning to cut thousands of jobs worldwide, including 1,400 in Germany and 1,300 in its native Finland, as part of a cost-cutting programme following its acquisition of Alcatel-Lucent.
Finland's biggest company has cut thousands of Finnish jobs over the past decade as its once-dominant phone business was eclipsed by the rise of smartphone rivals. The phone business was eventually sold to Microsoft, which has continued cutting jobs in the recession-hit country.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
