Nokia Warns of Job Cuts in euro 700M Shake-Up | Light Reading

Nokia has warned of imminent job losses as it announced plans to cut another €700 million ($798 million) in annual costs over the next two years to boost profits.

The Finnish equipment vendor said about €500 million ($570 million) of that figure would come from reduced operating expenses as it makes cuts to central support functions and consolidates some activities. Layoffs will also result from investment in digital tools and further automation of the business, it said.

Source: Nokia Warns of Job Cuts in euro 700M Shake-Up | Light Reading

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