[MUST READ] Nokia announces nearly 600 job cuts in France

Finnish telecoms massive Nokia stated on Thursday it planned to cut around six hundred jobs in France as it seeks to make price-financial savings and refocus its loss-making organizations.
The group said it deliberate to lessen its headcount in France by 597, a touch over 10 percentage of its total staff within the usa, with French alternate unions calling the move “unacceptable.”

Nokia, which not makes handsets having sold that enterprise to Microsoft, sold French-American telecoms device maker Alcatel-Lucent in 2015 in a deal that was predicted to cause savings.
The cuts in France may be centered on administrative and support offerings and could no longer impact research and improvement because it refocuses on excessive-speed 5G telecom networks, cyber safety, and internet-related home equipment, the organization stated.
Nokia is aiming to make 1.2 billion euros (1.four billion dollars) in total cost savings through the stop of 2018 following net losses of 766 million euros final yr.

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