Nokia plans to cut up to 14,000 jobs after sales and profits plunge in a weak market

  • 📰 KSLcom
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

Telecom gear maker Nokia says it's planning to cut up to 14,000 jobs worldwide, or 16% of its workforce, as part of a push to reduce costs following a plunge in third-quarter sales and profit.

<p>HELSINKI, Finland — Telecom gear maker Nokia said Thursday that it is planning to cut up to 14,000 jobs worldwide, or 16% of its workforce, as part of a push to reduce costs&a

 That is expected to lead to a reduction from 86,000 employees to between 72,000 and 77,000 over that time period.</p><p>Nokia's third-quarter sales plummeted 20%, to 4.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 549. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Australia Australia Latest News, Australia Australia Headlines