Nokia to cut up to 14,000 jobs.
NORDIC BUSINESS REPORT-October 19, 2023-Nokia to cut up to 14,000 jobs
(C)2023 M2 COMMUNICATIONS http://www.m2.co.uk
Finnish telecoms, IT and consumer electronics company Nokia Oyj (HEL:NOKIA) (NYSE:NOK) revealed on Thursday that it plans to reduce its global workforce as part of a cost-cutting drive across the business.
Planned changes include giving its four business groups more operational autonomy and streamlining its operating model by embedding sales teams into each of the business groups.
The company, which currently has 86,000 employees worldwide, intends to reduce this number by between...
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