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Nokia beats profit expectations and forecasts demand recovery
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Nokia to Cut up to 14,000 Jobs as US Demand Shrinks, Growth Uncertain
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Nokia to cut up to 14,000 jobs as US demand shrinks, growth uncertain, reports Reuters · EMSNow
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STOCKHOLM/HELSINKI - Nokia will cut up to 14,000 jobs to reduce costs, it said on Thursday (Oct 19), warning it did not expect a market recovery soon after posting a 20 per cent drop in third-quarter sales on weaker demand for 5G equipment. Shares in the Finnish company, which produces equipment for telecom networks, were down two per cent at.
Nokia to cut up to 14,000 jobs as US demand shrinks
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