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Nokia Cuts Up To 10,000 Jobs as Race to Dominate 5G Heats Up Bloomberg 3/16/2021 Kati Pohjanpalo (Bloomberg) Nokia Oyj will cut as many as 10,000 jobs in the coming years so it can invest more to catch up in the race to win orders for 5G networks. Popular Searches The measures will trim 600 million euros ($715 million) off Nokia’s cost base by the end of 2023, the Finnish telecommunications equipment maker said in a statement on Tuesday. The move doesn’t affect the outlook for 2021, it said. The decision to part ways with as much as 10% of its workforce follows an annual report that left investors disappointed by the prospect of a continued slide in revenue. Nokia said the restructuring plan could cost as much as 700 million euros over the coming two years. ....
Nokia to cut up to 10,000 jobs in latest cash saving plan bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Nokia Cuts Up To 10,000 Jobs as Race to Dominate 5G Heats Up msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
It wanted £128m in wasted spending – but customer wasn t blameless for debacle, rules UK High Court Gareth Corfield Wed 24 Feb 2021 // 11:08 UTC Share Copy Co-Op Insurance has successfully sued IBM for £13m in England over a £175m Agile software platform contract which collapsed in 2017 after a litany of failures by Big Blue and its subcontractor 1insurer. High Court trial judge Mrs Justice O Farrell ruled that both IBM and Co-Op had contributed to the project s collapse, though IBM was the ultimate loser of the case. IBM was ordered to pay the British insurer £13m in damages for the collapse of Project Cobalt. ....