Nokia cuts 2,000 jobs in China, 350 in Europe as part of cost cuts, sources say

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STOCKHOLM: Nokia has laid off close to 2,000 people or about a fifth of its employee base across Greater China and plans to cut another 350 jobs across Europe as part of efforts to lower costs, according to two sources familiar with the matter.

Currently, Nokia has a little over 78,500 employees, the spokesperson said.

China was once the second-largest market for Nokia.

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Category: EconomyBusiness

Markets: MalaysiaChinaHong KongTaiwan

Topics: /Business/Business News Nokia Jobs Corporate News Employee

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-17 @ 20:11:00 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 362 words

Reading Time: 3 minutes read

Sentences: 18 lines

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Copyright Owner: © The Star

News ID: 23102134

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