Nokia to slash 350 jobs in Finland as part of cost cuts

Image
Reuters HELSINKI
Last Updated : Jan 15 2019 | 4:40 PM IST

HELSINKI (Reuters) - Finnish telecom equipment maker Nokia said on Tuesday it was going to cut 350 jobs in Finland as part of ongoing plans to find savings worth 700 million euros ($800 million) by 2020.

"The planned changes are indispensable to secure Nokia's long-term competitiveness," head of the company's Finnish operations, Tommi Uitto, said in a statement.

($1 = 0.8752 euros)

(Reporting by Anne Kauranen; editing by Jason Neely)

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jan 15 2019 | 4:21 PM IST

Next Story