Nokia likely to cut up to 15,000 jobs

Helsinki, May 24

Telecom network equipment maker Nokia is likely to cut 10,000 to 15,000 jobs globally as part of a cost-cutting programme. Nokia kicked off the programme in April with a target to slash 900 million euros of operating costs by 2018, but it has yet to give a figure for how many jobs will be reduced in total.

“We haven’t heard any numbers, but based on the information from our union contacts, I would estimate the global impact would likely be around 10,000 to 15,000 jobs,” said Risto Lehtilahti, a trade union shop steward at Nokia’s Oulu site. Reuters