Nokia will shrink
Representatives of the Nokia company announced a reduction in employment.
The Finnish concern dealing with telecommunications technologies announced the gradual implementation of the restructuring plan. According to it, the reduction of employment is planned. The staff cuts will be carried out over the next two years and will cover 10,000 employees. In this way, the concern intends to save from 600 to 700 million euros.
The company’s representatives declare that such decisions were made due to the necessity to gather financial resources enabling the implementation of the developed development strategy. The aforementioned strategy assumes increasing activities for the construction and development of the 5G network.