HELSINKI: Telecom equipment giant Nokia said on Wednesday it was opening talks with staff representatives in some 30 countries about cutting jobs to save money following its merger with Alcatel-Lucent.
Some 1,300 jobs are to go in Finland, 20 percent of its workforce there, but Nokia gave no figures for the rest of the world.
“The headcount reductions are expected to take place between now and the end of 2018,” Nokia said in a statement.
“Reductions will come largely in areas where there are overlaps, such as research and development, regional and sales organisations as well as corporate functions,” it said.
Nokia is targeting 900 million euros ($1.02 billion) of savings per year starting in 2018.
