Nokia to cut up to 10,000 jobs worldwide

Finnish telecoms giant Nokia is to axe between 5,000 and 10,000 jobs worldwide in the next two years as it cuts costs.

About 96 Nokia jobs in the UK are under threat as part of the €600m (£518m) cost cuts, the firm said.

Nokia is playing catch-up on 5G, and also plans to invest in cloud computing and digital infrastructure research.

The company currently has 90,000 employees around the world, and has cut thousands of jobs since buying telecom equipment maker Alcatel-Lucent in 2016.

“We currently expect the consultation process in the UK to cover an estimated 96 roles,” a Nokia spokesperson said.

“At this stage, however, these are only estimates. It is too early to comment in detail, as we have only just informed local works councils and expect the consultation processes to start shortly, where applicable.”

Source: bbc.com