|
The
Finnish company said on Thursday that the cuts are part of a 1.2
billion euro ($1.3 billion) global cost-savings plan which was
announced after its 2016 acquisition of Franco-American rival
Alcatel-Lucent.
"In order to succeed in this market environment we must continue
to streamline our cost structure and to increase efficiency,"
Nokia country manager Tommi Uitto said.
The new cuts would focus on the networks operations and support
functions, he added.
Nokia, which has 6,100 employees in Finland and 101,000
globally, cut 960 jobs in its home market last year and also
said it would do away with 1,400 positions in Germany.
A Nokia spokeswoman declined to give an overall estimate for the
global headcount reduction, but unions have forecast a total of
10,000-15,000 jobs.
Nokia, which competes with Sweden's Ericsson <ERICb.ST> and
China's Huawei [HWT.UL], reported falling first-quarter profits
last month, but said the networks market was showing signs of
recovery.
Ericsson, which plunged to a loss in the first quarter, cut
almost 5,000 jobs last year as part of its own restructuring
efforts.
(Reporting by Jussi Rosendahl; editing by Terje Solsvik and
Alexander Smith)
[© 2017 Thomson Reuters. All rights
reserved.] Copyright 2017 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
 |
|
