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Nokia plans to cut nearly 600 jobs in France

It seeks to make cost-savings, refocus its loss-making businesses

AFP| PTI  |  Paris 

Nokia plans to cut nearly 600 jobs in France

Finnish telecoms giant said on Thursday  it planned to cut around 600 in France as it seeks to make cost-and refocus its loss-making businesses.

The group said it planned to reduce its headcount in France by 597, a little over 10 per cent of its total workforce in the country, with French trade unions calling the move "unacceptable."

Nokia, which no longer makes handsets having sold that business to Microsoft, bought French-American telecoms equipment maker Alcatel-in 2015 in a deal that was expected to lead to

The cuts in France will be focused on administrative and support services and will not effect research and development as it refocuses on high-speed 5G telecom networks, and internet-linked appliances, the group said.

is aiming to make 1.2 billion euros ($1.4 billion) in total cost by the end of 2018 following net losses of 766 million euros last year.

First Published: Fri, September 08 2017. 04:23 IST