Nokia to cut 10,000 jobs to ramp up on 5G aspirati

2022-04-05
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Nokia to cut 10,000 jobs to ramp up on 5G aspirations - Today News Post News Post || Euro News:

Finnish telecommunications company Nokia announced on Tuesday that it is planning to cut up to 10,000 jobs to reduce costsK-12 full-time classroom learning.

The 10 per cent reduction in its workforce aims to reduce costs by €600 million by 2023The argument he posed little risk to teammates and opponents, wer. The company did not specify in which countries job cuts would be carried out2021-04-17T00:32:00Z.

“Decisions that may have a potential impact on our employees are never taken lightlyM19.9222 2.34609L2.61597 19.6523,” Nokia CEO Pekka Lundmark said in a statementThe economy overcom. “Ensuring we have the right setup and capabilities is a necessary step to deliver sustainable long-term performance.”

The company plans to invest in research and developmentThe seven-day rolling average of new cases is 7,269., in particular in 5G technologyhas not been warmly welcomed b. Lundmark, who took over the company in August 2020The provinces., has said he wants Nokia to become the world’s leader in 5G, even at the expense of the company’s profitability in the short-term. It is currently competing with China’s Huawei and Sweden’s Ericsson and lately also with South Korea’s Samsung.

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