Nokia Retrenches Staff In Finland

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In a latest development, Nokia is cutting 1,032 jobs in Finland as part of a cost-cutting programme following its acquisition of Alcatel-Lucent.
It is to be mentioned that Finland’s biggest company has cut thousands of jobs in its home country over the past decade as its once-dominantphone business was eclipsed by the rise of smartphone rivals
The company has declined to give an overall figure for global job cuts, but has said it in talks with employee representatives in about 30 countries.
Nokia started the latest cost cutting programme in April and is targeting 900 million euros ($1 billion) of operating cost synergies from the Alcatel deal by 2018.
The Finland based company employs about 104,000 people worldwide, with about 6,850 in Finland, 4,800 in Germany and 4,200 in France.

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