Nokia says will cut up to 148 jobs in Finland this year

This post was originally published on this site
https://i-invdn-com.akamaized.net/trkd-images/LYNXMPEG221VE_L.jpg

HELSINKI (Reuters) – Finnish network equipment maker Nokia (HE:) will cut up to 148 jobs in Finland in 2020 excluding its 5G development operations, it said on Tuesday evening.

In January, Nokia had said it would cut up to 180 jobs in Finland but the number came down following statutory negotiations with its employees.

The company announced earlier this week it had rehired former executive Pekka Lundmark from energy group Fortum to replace Rajeev Suri as its chief executive, in an effort to revive its faltering 5G business.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Add Comment