Deals
Nokia Said to Cut as Much as 14% of Workforce After Alcatel Deal
- As many as 15,000 positions said to be reduced after merger
- Staff overhaul will affect employees in more than 30 countries
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Nokia Oyj will reduce as much as 14 percent of its workforce, cutting jobs across the globe as part of a plan to save more than $1 billion annually following its merger with networking hardware rival Alcatel-Lucent SA.
The company is set to eliminate about 10,000 to 15,000 positions out of a combined staff of 104,000, according to people familiar with the plan, who asked not to be named because the information isn’t public. Nokia said Wednesday about 1,300 jobs will be reduced in Finland, without giving a global number. Slightly more than that will go in Germany, people said.