( ) -q-27- UNDATED (Correspondent Jeremy House) “end of 2026.” Telecom gear maker Nokia says it’s planning to cut up to 14,000 jobs worldwide, or 16% of its workforce. [CutID: <Cuts> NOKIA-JOB-CUTS-house-q-THUam.mp3 Time: 27s Title: NOKIA-JOB-CUTS-house-q-THUam Out-cue: end of 2026] TAG: Correspondent Jeremy House reporting. —————————- VERBATIM: The job cuts are part of a push […]
Audio
Nokia plans to cut up to 14,000 jobs after sales and profits plunge
( ) -q-27- UNDATED (Correspondent Jeremy House) “end of 2026.”
Telecom gear maker Nokia says it’s planning to cut up to 14,000 jobs worldwide, or 16% of its workforce.
[CutID: <Cuts> NOKIA-JOB-CUTS-house-q-THUam.mp3
Time: 27s
Title: NOKIA-JOB-CUTS-house-q-THUam
Out-cue: end of 2026]
TAG: Correspondent Jeremy House reporting.
—————————-
VERBATIM: The job cuts are part of a push to reduce costs following a plunge in third-quarter sales and profit. The Finnish wireless and fixed-network equipment provider says the planned measures are aimed at reducing its cost base and increasing operational efficiency “to navigate the current market uncertainty.” Nokia says it’s aiming to lower its cost base by between 800 million and 1.2 billion euros by the end of 2026.