The Finnish telecoms firm has announced that it is to shed 597 jobs in France, representing more than 10 percent of its workforce in the country, as part of a plan to stem financial losses.
FinnishFinnish telecoms giant Nokia said it plans to cut around 600 jobs in France as it seeks to make cost-savings and refocus its loss-making businesses, reports Malay Mail Online.
The group said it planned to reduce its headcount in France by 597, a little over 10 percent of its total workforce in the country, with French trade unions calling the move “unacceptable.”
Nokia, which no longer makes handsets having sold that business to Microsoft, bought French-American telecoms equipment maker Alcatel-Lucent in 2015 in a deal that was expected to lead to savings.
The cuts in France will be focused on administrative and support services and will not effect research and development as it refocuses on high-speed 5G telecom networks, cybersecurity and internet-linked appliances, the group said.
