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Nokia Has Plan to Tackle Tough U.S. Market. It Includes Mass Layoffs.

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Nokia announces plans to cut up to 14,000 jobs as part of a cost-saving initiative after profit tumbled 69% in the third quarter.

Nokia announced plans to cut up to 14,000 jobs as part of a cost-saving initiative after profit tumbled 69% in the third quarter.

Nokia stock was around 2% lower in early European trading, while its American depositary receipts fell 0.8%.

 

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