Nokia to cut up to 10,000 jobs in next 24 months

The company issued a statement announcing a wide-ranging restructuring introduced by new chief executive Pekka Lundmark.

Published: 16th March 2021 02:10 PM  |   Last Updated: 16th March 2021 02:10 PM   |  A+A A-

Nokia

Nokia (Photo | Twitter, @nokianetworks)

By AFP

HELSINKI: Finnish telecoms equipment maker Nokia said Tuesday it would slash up to 10,000 jobs over the next two years as part of a 600-million-euro ($715-million) cost-cutting programme.

"Planned restructuring is expected to result in an 80,000–85,000 employee organization, over an 18–24-month period, instead of the approximately 90,000 employees Nokia has today," the company said in a statement announcing a wide-ranging restructuring introduced by new chief executive Pekka Lundmark.

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